Auction House / Hull & East Yorkshire
  • For Sale By Unconditional Online Auction
  • Guide Price* : £50,000
  • Auction Ended 12/02/2024
  • Lot 8

9 Molescroft Mews, Beverley, East Yorkshire, HU17 7LT

For Sale via National Online Auction. Register to Bid!

Location

The Molescroft Mews building is located in the northern outskirts of Beverley at the junction of Driffield Road with Woodhall Way and has quick access onto the towns by-pass roads leading to Hull, York, Driffield and the east coast. The town is renowned for its highly regarded schools, play parks and sporting facilities including golf and horse racing courses on the Westwood common pastures. It is a little over a mile into the town centre and an array of shops, cafe bars and restaurants. There are also bus and railway stations.

Description

Guide price reduced by £10,000 - A residential investment property in the highly regarded Molescroft area of Beverley with a gross rental income of £7,200 per annum.

This two bedroomed cottage represents an excellent opportunity to acquire an investment property in this well regarded market town. The property is let on an assured shorthold tenancy with a gross rental income of £7,200pa. It forms part of block of apartments in a desirable residential area on the edge of Beverley where surrounding homes are for the main part more substantially sized and valued. The property benefits from a communal garden and off road parking and has uPVC double glazing and electric heating. A buyer will have the option to take over an application for extension of the lease.

Accommodation

Ground Floor
Lounge, Kitchen

First Floor
Bedroom 1, Bedroom 2, Bathroom with shower & WC

Tenure
Leasehold.
The current lease has approx. 82 years to run with a current ground rent of £500 per annum. The seller has served a Section 42 Notice and the purchaser will have the option to extend the lease for a further 90 years, with the ground rent reduced to zero, for a further consideration of £24,450 plus Section 60 costs . Service charges are currently £257 per quarter. Full details of the lease will be available in the legal pack.

Council Tax Band

A

EPC Rating

D

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.

Disbursements

Please see Legal Pack for any Disbursements.

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* Guide | £50,000
  • 2 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 0845 400 9900 for more information

Floor plan Request more info
Unconditional Sale Terms & Conditions
Finance available on this property
Find out more

Related Documents

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.