Princess Royal Terrace, YO11

For Sale by Modern Method of Auction; Starting Bid Price ?63,000 plus Reservation Fee.

*** INVESTMENT OPPORTUNITY ***

This charming one-bedroom, ground-floor LEASEHOLD apartment is located in the highly sought-after area of Scarborough's South Cliff. The property offers easy access to a range of local amenities, including shops, caf?s, and scenic walking routes.

Its prime location is just a 15-minute walk from Scarborough's South Bay and the vibrant town center, where you'll find a variety of shopping options, cosy coffee shops, and delightful restaurants.

This property is for sale and powered by 'iamsold Ltd.'

Please note that AST tenancies are permitted, but holiday lets are not allowed. A great investment opportunity, with a potential rental income of ?500 per month.

To arrange a viewing, contact our friendly team at 01723 506021 or visit our website at www.nicholsons.uk.com.


ENTRANCE
Steps leading to front entrance with door entry intercom system and stairs to the upper floors.

HALLWAY 3.00m (9' 10') x 1.49m (4' 11')
Hallway with gas central heating radiator leading to:

LOUNGE 6.30m (20' 8') x 4.85m (15' 11')
Large lounge with dual aspect view, bay fronted UPVC window and gas central heating radiator, wall lighting and gas fire place.

KITCHEN 3.20m (10' 6') x 2.00m (6' 7')
Good sized kitchen with selection of wall and floor units, stainless steel sink, electric 4 ring hob and oven. With space for washing machine and fridge freezer. gas central heating radiator

BEDROOM 4.82m (15' 10') x 3.94m (12' 11')
Double bedroom with bay fronted timber sash window and high ceilings. Gas central heating radiator and sink unit. The management company are due to replace the windows with UPVC double glazed.

SHOWER ROOM
L shaped shower room with 3 piece suite comprising of toilet, pedestal sink and shower cubicle with chrome thermostatic shower. Gas central heating radiator.

PARKING
Off street parking space.

COUNCIL TAX
Verbal enquiries from North Yorkshire Council on 01723 232323.

SERVICES
Mains supplies of water, electricity, drainage and gas are connected to the property. (Please note it is not company policy to test any services or appliances in properties offered for sale, and these should be verified by the purchasers).

TENURE
The property is believed to be leasehold with an originating lease of 999 years, originating January 1st, 1989. Ground Rent ?50.00 per annum. The property is block managed by Watsons and the service charge is approximately ?85.00 per month including building insurance.

All matters of tenure are subject to verification and clarification in a contract of sale.


INSPECTION
Strictly by appointment through the agents.

Starting Bid & Reserve Price
Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold


Auctioneer's Comments
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the 'Reservation Period'). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The buyer will pay ?300.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of ?6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than ?450.00. These services are optional