Flats 1, 3, 4, 5, 6 and 7, 33, Prince Of Wales Terrace, SCARBOROUGH, North Yorkshire, YO11 2AN

TO BE SOLD AS ONE LOT
A Selection of 6 Leasehold Flats
All good sized flats
Current Rental Income £41,076

Location:
These flats are ideally located in a very popular area of Scarborough and are some five minute walk to the Esplanade and Cliff Lift. One of the UK’s most renowned coastal resorts, Scarborough offers a host of recreational pursuits especially associated with a coastal holiday resort. The town offers a significant range of shopping facilities and other recreational pursuits in addition to those along the sea front area.

Accommodation/Tenancy:
A more detailed schedule is available within the legal pack together with tenancy documents etc.

Flat No: 1
Floor: Ground Floor
Accommodation: A two bed self-contained flat of approx.. 82 sq. m.
EPC Rating: E
Council Tax: A
Tenancy: Let on and assured shorthold tenancy
Rent: £635 per calendar month

Flat No: 3
Floor: First Floor
Accommodation: A one bed self-contained flat of approx.. 69 sq. m
EPC Rating: D
Council Tax: A
Tenancy: Let on and assured shorthold tenancy
Rent: £550 per calendar month

Flat No: 4
Floor: First Floor
Accommodation: A one bed self-contained flat of approx.. 69 sq. m
EPC Rating: C
Council Tax: A
Tenancy: Let on and assured shorthold tenancy
Rent: £550 per calendar month

Flat No: 5
Floor: Second Floor
Accommodation: A one bed self-contained flat of approx.. 74 sq. m
EPC Rating: C
Council Tax: A
Tenancy: Let on and assured shorthold tenancy
Rent: £468 per calendar month


Flat No: 6
Floor: Second Floor
Accommodation: A one bed self-contained flat of approx.. 74 sq. m
EPC Rating: C
Council Tax: A
Tenancy: Let on and assured shorthold tenancy
Rent: £595 per calendar month


Flat No: 7
Floor: Second Floor
Accommodation: A three bed self-contained flat of approx.. 74 sq. m
EPC Rating: D
Council Tax: A
Tenancy: Let on and assured shorthold tenancy
Rent: £625 per calendar month

Description/Management:
These flats form the majority of flats within this character building. The freeholder does not impose a service charge and the current owner and seller of these flats has carried out extensive works at the building to include window replacement and some overhaul where required of the roof. Purchasers may wish to consider future possibilities of acquiring the freehold but are deemed to rely solely on their own enquiries in this respect.

Note:
These are all good sized flats with additonal internal photos available from the auctioneers.

Rent Reserved:
£41,076 per annum

Tenure:
Each flat is held on a separate lease with each lease being for a term of 999 years from 25.02.2004 at a ground rent of £1.00.



Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.