FOR SALE by MODERN METHOD OF AUCTION.

50% NOW SOLD.... Only 5 Remaining a choice of One and Two Bedrooms

* Ideal Holiday Home/Rental Excellent R.O.I
* Your Income Potential for FLAT 7 Sykes Cottages Rental Appraisal
Year 1 Estimate £22,612 - £27,637 (11.9% - 14.5%)
Year 2 Estimate - £24,194 - £29,571 (12.7% - 15.5%)
Year 3 Estimate - £25,162 - £30,753 (13.2% - 16.1%)
* New Build 10 Year LABC Warranty
* Carpets & Floor Coverings included

This MODERN, LUXURY DEVELOPMENT of ten HIGH SPECIFICATION APARTMENTS is well located within the popular Newby area of Scarborough, well placed centrally to a wealth of amenities nearby.

Apartment seven is a two bedroom first floor apartment and provides an open plan kitchen/lounge/diner with patio doors to a South facing Juliette balcony, two bedrooms and modern house bathroom.

The block itself benefits from lift and stairs to all floors providing easy level access, secure video secure entry/intercom system.

Ideally suited to a range of buyers most notably as a second property/holiday home or ideally suited to someone looking to downsize/retirement as the development provides easy level access to a wealth of amenities including regular transport links to Scarborough Town Centre and Whitby. public house/restaurant, 'Proudfoots' supermarket, library, doctors surgery, 24hr garage, tennis courts and bowling club. The property is situated on the edge of the North Yorkshire Moors National Park and excellent walks can be undergone nearby along the old Scarborough to Whitby railway line and to the popular village of Scalby and Scalby beck.

Please note: The photos in the advert are for marketing purposes only and represent two flats that have previously been sold

Accommodation: -

Apartment 7: -

First Floor -

Entrance Hallway - 4.0m max x 3.8m max (13'1" max x 12'5" max) -

Open Plan Living/Kitchen/Diner - 7.0m max x 4.5m max (22'11" max x 14'9" max) -

Bedroom One - 2.9m x 2.7m (9'6" x 8'10") -

Bedroom Two - 2.9m x 2.7m (9'6" x 8'10") -

Bathroom - 2.1m x 1.7m (6'10" x 5'6") -

Other: -

Tenure/Maintenance - We have been advised by the vendor that the property is Leasehold with a 1/10 share of the Freehold of which a 250 year lease will be implemented. There will be a maintenance agreement in place with Able Property Management of approx £867.63 per annum and we are not aware of any restrictions.

Details Prepared - TLPF/020822

Auction - 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 4.2% 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.
Referral Arrangements
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.