Upper floors of an end terrace property - for sale by auction
This property comprises the upper three floors of an end-of-terrace building that is now in need of comprehensive refurbishment. The leasehold property has previously been used for residential purposes; however, there is currently a clause in the lease that states it cant be occupied for residential use (please refer to the legal pack for further details). As it stands the property can therefore only be used for commercial purposes.
Location
Filey is a traditional seaside town located on the East coast between Bridlington and Scarborough. The town offers a good range of amenities and a wonderful beach. The subject property is located in the heart of the town close to shops, eateries and the beach.
Accommodation
Please see the floor plan for details of the accommodation.
Agents Note
External works are required to the property that was costed 12 months ago at £70,667 of which 65% is payable by the owner of the subject property. The freeholder is in the process of obtaining updated quotes.
Council Tax/Business Rates
The property is currently listed as being in council tax band B
EPC
E(54)
Services
Understood to be connected to mains electricity, gas, water and drainage but the services have not been tested.
Tenure
Leasehold. Please refer to the legal pack for full details.
Strictly by appointment with the Auctioneers on 0845 400 9900.
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 1pm on Monday 10th February 2025 and closing on Tuesday 11th February 2025 at 1 pm. For further legal information relating to this lot and to register to bid, please go to auctionhouse.co.uk/hullandeastyorkshire.
Conditions of Sale
The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.
Additional Fees
The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) and a buyer’s premium of £1500 (£1250 + VAT) in addition to the purchase price of the property.
Guide Price
Guides are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Online Bidding
If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c
