** UNSOLD, PLEASE REFER TO AUCTIONEER **
BUY TO LET INVESTMENT: A VACANT FREEHOLD BUILDING ARRANGED AS ONE X ONE BEDROOM FLAT AND SIX X STUDIO FLATS FORMALLY FULLY LET FOR £21,840 P/A
Situated in the North East area of Scarborough, close to local shops and amenities is this freehold building formally let as a HMO producing a yield of over 29% of the guide price. It is considered that the property could achieve the same if not slightly more once fully let again.
One bedroom Flat
Three x Studio Flats
Two x Studio Flats
The property was formally let out as a HMO producing £21,840 per annum. We recommend any interested parties conduct their own investigations into the achievable rent
By appointment with the Auctioneers
Please contact us for more information
Tel: 01702 311010
* Important information about guide prices and reserve prices
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that provisional reserves range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition below). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price: the seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.