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7 bedroom block of apartments for sale

St Nicholas Street, Scarborough, North Yorkshire, YO11 1NA

Sold STC £100,000

Property Description

Full description

Tenure: Leasehold

Tudor Court is in the heart of Scarborough town centre conveniently located adjacent to the pedestrianised prime shopping street Westborough and being a short walk from the train station, south bay beach and all other town centre amenities. The property comprises a block of five flats; four one bedroom units plus a large two bedroom flat, which are all accessed via a secure gated entrance off St Nicholas Street. The flats are over first, second and third floor with some benefitting from sea and castle views. The property is currently held on a long lease with 76 years remaining and four out of the five flats are currently let on ASTs. When fully let the property can produce approx. £20,000 per annum, however the property is in need of a refurbishment, hence the asking price.

THE PROPERTY: A traditional brick built mid terrace Victorian property standing four storeys high with part of the ground floor now forming a retail unit (not included in the sale). For sale is the rest of the property, totalling approximately 2,800 sqft of internal floor space, which consists of five flats over first, second and third floors, which are accessed via a covered yard called Tudor Court which is off St Thomas Street.

Within the five there are 3 x flatlets, a two bedroom spacious flat and a one bedroom flat that could be made into a two bed, with some sea and castle views. Internally the property would benefit from a scheme of refurbishment, however the flats do let well and when fully let can produce approximately £20,000 per annum in rental income. There is scope here to improve this building and add value, however the project will require investment.

LOCATION: Super central and within a 5 minute walk of all town centre amenities and south bay gardens and beach etc. The entrance to the property is off St Nicholas Street via a covered and gated yard called Tudor Court.

LEASE: The property is held on a 99 year lease from 1994 with 76 years remaining. There is a ground rent of £10 per annum payable to the freeholder.

VIEWING: Viewings of the property can be arranged via the sole agents Colin Ellis Commercial by phoning 01723 363565.

ENTRANCE: The shared entrance to the flats is set back from St Thomas Street at the end of a covered and secure gated yard area called Tudor Court. There is a staircase which leads to the first floor corridor.

FIRST FLOOR ACCOMMODATION: The first floor comprises two self contained flats plus a lock up storage room. Flat 1 is accessed off the main corridor and is laid out as a series of rooms in parallel including separate lounge, kitchen, bathroom and bedroom with a total gross internal floor area of approximately 340 sqft.

Flat 2 is located to the front of the building with a large bay fronted lounge/kitchen/diner fronting Newborough, and with a bathroom to the rear of the second staircase. The bedroom is at the other side of the staircase linked through the bathroom. The flat has a total gross internal floor area of approximately 470 sqft.
There is also a lock up storage room currently used by the owner, but which could easily be made part of flat 1 to create a second bedroom.

SECOND FLOOR: The second floor is laid out in a similar way to the first floor except there is only one staircase linking the 2nd and 3rd floors. Flat 3 is the largest and briefly comprises two bedrooms, separate lounge, kitchen, bathroom and store room with a total gross internal floor area of approximately 1,000 sqft. Flat 4 is a one bedroom flat with a kitchen/diner and shower room with a total gross internal floor area of approximately 370 sqft.

THIRD FLOOR: Flat 5 occupies the whole of the third floor and comprises a one bedroom flat with separate lounge, kitchen and bathroom. The flat is in need of refurbishment and once done could provide a well proportioned one bedroom flat in the centre of Scarborough town centre. The total gross internal floor area is approximately 500 sqft.

COMMERCIAL DISCLAIMER: Unless otherwise stated, all prices and rentals quoted are exclusive of any VAT to which they may be subject. Specific enquires should be made of the vendor/landlord for clarification prior to entering into any arrangement or agreement. These particulars are a general outline only, for the guidance of prospective purchasers or tenants and do not constitute the whole or any part of an offer of contract. Colin Ellis Property Services cannot guarantee the accuracy of any description, dimensions references to condition, necessary permission for use and occupation and other details contained herein and prospective purchasers or tenants must not accept as statement of fact or representation and must satisfy themselves as to their accuracy. The reference to any plan, machinery, equipment, devices, fixtures, or fittings at the property shall not constitute a representation unless otherwise stated as to the state or condition or that it is capable of unfulfilling its intended function. Prospective purchasers/ tenants should satisfy themselves as the fitness of such items for their requirements. Colin Ellis Property Services will not be liable in negligence or otherwise nor anyone arising from the use of these particulars. No employee of Colin Ellis Property Services has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property.

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Listing History

Added on Rightmove:
23 June 2016

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