This mid-terrace property arranged over three floors is currently arranged as three separate flats, one on each floor. The flats are currently all let on Assured Shorthold Tenancies (AST's) and generate a gross income of £14,160 per annum. The property is fully double-glazed but would benefit from some general refurbishment.

Tenure

The property is freehold.

Location

Located in a popular residential area in Bridlington Town Centre, this property offers a fantastic chance for investors to add to their portfolio or change the property back into a family home.

Accommodation

Ground Floor: Two bedroom flat with rear yard. First Floor: One bedroom flat, two shower rooms for flats 2 and 3 Second Floor: One bedroom flat.

Tenancy

Subject to existing tenancies - please check the legal pack for details.

Method of Sale The property will be offered for sale by online auction with bidding commencing at 1.00 pm on Monday, 3rd March 2025, and closing on Tuesday 4th March 2025, at 1.00 pm. For further legal information relating to this lot, please go to auctionhouse.co.uk/hullandeastyorkshire.

Viewing Details

Strictly by appointment with the auctioneers on 0845 400 9900 or the joint agents Reeds Rains on 01262 676273.

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 online at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.

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.

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Additional Fees

Buyer's Premium - The purchaser will be required to pay a buyer’s premium of £1,800 (£1,500 + VAT) in addition to the purchase price of the property.

Administration Charge - The purchaser will be required to pay an administration charge of £1,200 (£1,000 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.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.