Blands Cliff, Scarborough
- PROPERTY TYPE
- COMMERCIAL INVESTMENT OPPORTUNITY
- SOUTH BAY LOCATION & SEA VIEWS
- 7 BEDROOMS, 5 BATHROOMS & POSSIBLE COMMERCIAL SPACE
- PRIVATE REAR GARDEN
This is a rare opportunity to acquire a substantial central block. Rental demand within the town is currently high and there maybe an opportunity to increase the current rental income. CPH Property Services offer a competitive MANAGEMENT SERVICE should any prospective purchaser require their investment to be looked after.
Scarborough is an established commercial, tourist and retail centre, approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast attracting an estimated 7 million visitors a year.
Blands Cliff lies at the bottom end of Scarborough town centre and links the centre of Scarborough to the South Bay and is a mixed use locality with a number of commercial operators within the vicinity. Scarborough's famous South Bay is directly accessed from the subject premises.
DESCRIPTION & ACCOMMODATION:
The property comprises a mid terrace, brick constructed building currently setup with nine bedrooms, six shower rooms, five kitchen's and a former commercial premises arranged over lower ground, ground, first, second, third and fourth floors, being held under a pitched and slated roof and benefitting from front facing views of the famous Grand Hotel and rear views of Scarborough's attractive South Bay. This property also benefits from a generous rear garden.
Business Rates: - Rateable value at current is £8,400 and is therefore eligible for small business rates relief.
Auction Information: - Auctioneer's Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
BrochuresBlands Cliff, ScarboroughBrochure
Blands Cliff, Scarborough
NEAREST STATIONSDistances are straight line measurements from the centre of the postcode
- Scarborough Station0.4 miles
- Seamer Station3.1 miles
- Filey Station6.6 miles
About the agent
At CPH, we take pride in being a name you can trust. As an independent agency with a rich history of over 30 years, we've earned a reputation for excellence in residential sales and lettings, as well as commercial sales and lettings. We've also proudly held the title of "Rightmove's Number One Selling Agents in Scarborough" for eight consecutive years.
Our team of dedicated professionals is committed to helping you find the perfect property or the right buyer/tenant fo
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Disclaimer - Property reference 32850582. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by CPH Property Services, Scarborough. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call CPH Property Services, Scarborough on 01723 335469.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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