A two bedroom ground floor flat requiring updating throughout.
Viewing Details
Strictly by appointment with the Auctioneers on 0845 400 9900.
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.
Description
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.
Accommodation
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)
Exterior
Shared lawned garden. A right to park but no specified parking space.
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.
Note
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.
Lease Start Date
16/03/2007
Lease Duration
99 years (80 years unexpired)
Lot Type
Residential
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.
Buyers Premium
The purchaser will be required to pay a buyer’s premium of £1,200 (£1,000 + VAT) in addition to the purchase price of the property.
Administration Charge
The purchaser will be required to pay an administration charge of 0.3% subject to a minimum of £1,560 (£1,300 plus VAT) in addition to the purchase price of the property.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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- 2 Bedrooms
- 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.
- Unconditional (Immediate Exchange)
Call the team on 0845 400 9900 for more information
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