Cliff Bridge Place, Scarborough, YO11

For Sale by Modern Method of Auction; Starting Bid Price ?40,000 plus Reservation Fee.

This top floor apartment, in need of renovation, is situated on the edge of Scarborough's town centre and presents a great opportunity for first-time buyers or investors seeking rental income or a holiday base. With its prime location close to the beach and sea, as well as nearby amenities and transport links, this property offers excellent potential.

Positioned on Cliff Bridge Place, the apartment is just a short walk from Scarborough Town Centre, offering a range of high street and independent shops. Additionally, both South and North Bay Beaches are easily accessible. The accommodation includes an entrance hallway, shower room, open-plan lounge/kitchen area, and one double bedroom with built-in wardrobes.

This property is for sale and powered by 'iamsold Ltd.'

Offered to the market with no onward chain. ASTs permitted, with an approximate return of ?450 per month after renovations.

For further information, contact Nicholsons Estate Agents today.

ENTRANCE 3.05m x 0.79m MAX
BATHROOM 2.04m x 1.63m MAX
BEDROOM 3.64m x 2.42m MAX
LOUNGE 3.67m x 3.04m MAX
KITCHEN 2.02m x 1.94m MAX
COUNCIL TAX
Online enquiries suggest the property lies in 'Band A'. Verbal enquiries can be made to North Yorkshire Council on 01723 232323.



SERVICES
Mains supplies of water, electricity, gas and drainage are connected to the property.
(Please note it is not company policy to test any services or appliances in properties offered for sale, and these should be verified by the purchasers)


TENURE / MAINTENANCE
The property is believed to be leasehold, which has been applied for an extension in march 2024. Renewed back to 125 years. Nicholsons are the managing agents and the annual fee is ?900 a year including building insurance. ?225 paid quarterly. All matters of tenure are subject to verification and clarification by the solicitors in a contract of sale. We believe there to be no restriction on Pets or ASTs. However, Holiday Letting is believed to not be permitted.

INSPECTION
Strictly by appointment through the agents.

DISCLAIMER
These particulars are subject to constant review and updating. Comments under tenure, council tax, planning use and service availability are provided for guidance only and are not based on formal enquiry, which is outside the scope of our Agency instructions. It remains for purchasers to satisfy themselves as to the facts. We cannot therefore accept any responsibility for information provided in good faith which may subsequently require amendment. Measurements provided are approximate only and should not be relied upon for other purposes.

Starting Bid & Reserve Price
Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold





Auctioneer's Comments
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the 'Reservation Period'). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The buyer will pay ?300.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of ?6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than ?450.00. These services are optional