Flat
A fourth-floor one bedroom flat requiring refurbishment throughout.
The accommodation comprises an open plan living area and kitchen, bedroom and bathroom (unfitted).
Location
The property is located in Scarborough’s South Bay, close to the sea front and all amenities including shops, supermarkets, restaurants and Scarborough Beach. Excellent transport connections can be found from the Scarborough Train Station, the A165 and many local buses.
The property is sold as seen. All services/appliances have not and will not be tested.
NOTE: Bidders will be required to pay a £5,000 prior to auction before being authorised to bid. Payments will be returned to any unsuccessful bidders following the auction.
This property is unsuitable for mortgage purposes in need of a full scheme of refurbishments, the property is only suitable for cash buyers.
999 years from 29th November 1991. Annual ground rent £30. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
These sales details are awaiting vendor approval.
Leasehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,200 inc. VAT)
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
