13 bedroom Block of Apartments in Scarborough
26 Ramshill Road, Scarborough YO11 2QF
- Property Type: Block of Apartments
- Contract Type: Unconditional with Variable Fee
Guide Price* £495,000+ plus fees
Property Description
A rare opportunity to purchase a freehold block of 10 apartments in North Yorkshire, the development consists of 3 x 2 Beds and 7 x 1 Bed apartments offering the potential to generate a healthy and enviable yearly income in excess of £85,000 per annum. The property boasts in excess of 4,500sq ft of lettable accommodation as well as the lower ground floor which we have been reliably informed could potentially be converted in to an additional 4 x 1 bed apartments (STPP) and generate a further £30,000 per annum of rental income. 3 x 2 Bedroom apartments (High Ceilings and storage space) Hall, Living Room, separate kitchen, 2 double bedrooms, Bathroom 6 x 1 Bedroom apartments Hall, Living Room, separate kitchen, double bedroom, bathroom 1 x 1 Bedroom apartment Open plan living / kitchen /dining room, bedroom, bathroom The Block of Apartments are located in Scarboroughs Leafy South cliff a short walk from Ramshill shopping parade. The property is well placed for a wealth of local amenities and attractions nearby, including The Esplanade, Scarboroughs South Bay, the beach, Scarborough town centre, a choice of popular schools and colleges, golf courses, Olivers Mount, a choice of popular eating and drinking establishments as well as excellent access to public transport links.
Additional Information:
Construction Material: Standard brick. Heating: Mains gas. Coverage: Broadband - Standard and Superfast is available in this location. Mobile signal - O2, Three and vodafone show as high in this area, and EE as medium. Satellite and Cable - BT and Sky show as available in this area.
Note
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure
Freehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 21st November 2024
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
Contact Us
If you have any questions, call our team on 0800 046 5454