This two-bedroom ground floor flat presents an excellent opportunity for cash buyers and investors seeking an investment or renovation project. Please note, the property is available to cash purchasers only due to a short remaining lease term and ground rent review period (see legal pack for further details). The accomodation briefly comprises: Living Room, Kitchen, Two Bedrooms & Bathroom. Externally, the property benefits from a shared rear garden and a parking space. The property benefits from double glazing.
Location
Molescroft is a desirable residential area on the northern edge of Beverley. Popular with families, it offers excellent local schools, and easy access to the town centre. With convenient road links to Hull and surrounding villages, as well as a mainline railway station in Beverley, the area is ideal for commuters.
Accommodation
Ground Floor
Living Room - 19'0" x 9'11" (5.78m x 3.03m)
Kitchen - 7'2" x 6'0" (2.18m x 1.82m)
Bedroom One - 6'7" x 9'3" (2.00m x 2.82m)
Bedroom Two - 6'7" x 6'5" (2.00m x 1.96m)
Bathroom - 7'2" x 4'8" (2.18m x 1.43m)
External
Shared lawned garden. A right to park but no specified parking space.
EPC
E52.
Services
The property is believed to be connected to mains electricity, water and drainage. None of the services or installations have been tested.
Viewing
Strictly by appointment with the Auctioneers on 0845 400 9900.
Tenure
Leasehold for 99 years from 16th March 2007. The lease allows for a right to park but does not specify a space - please see the legal pack for further details.
Mortgageability
Interested parties should be aware that the ground rent review period is unmortgageable as it doubles every 10 years from 2007 until it reaches £1000.00 per annum, after which it will be assessed on an RPI index linked basis every 10 years. It is due to increase to £750.00 per annum in 2027.
Council Tax
Council Tax is payable to East Riding of Yorkshire Council. The house is shown in the Council Tax Property Bandings List in Valuation Band A.
Method of Sale
The property will be offered for sale by online auction date TBC.
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 0.3% subject to a minimum of £1,560 (£1,300 plus VAT) and a buyer’s premium of £1,200 (£1,000 + VAT) in addition to the purchase price of the property.
Guide Price
Guides are provided as an indication of each seller's 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.
Solicitors
Solaris Law, First Floor, 2 Rushmills, Northampton, Northamptonshire, NN4 7YB. Tel: 0330 900 1000
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
