Auction House London

Lot 84

Block of Apartments - Flats / Apartments 

Flats 1-5, 17A Milton Street

Saltburn-by-the-Sea, Cleveland, TS12 1DH

Sold Prior to auction, for an undisclosed amount

A Vacant Parcel of Five Self-Contained Flats Above Commercial Premises (One x Four Bedroom, Four x Two Bedroom Flats).

Description

The property comprises a parcel of five flats over first, second & third floors, arranged to provide 1 x 4 bedroom & 4 x 2 bedroom flats situated within an end of terrace mixed use building arranged over ground and three upper floors. The ground floor commercial element does not form part of the sale.

Tenure

Long Leasehold. The flats are each held on 999 year leases from 15th August 2007 (thus approximately 987 years unexpired).

Location

The property is situated amongst the local shops and amenities of Milton Street. The open spaces of Saltburn Valley Gardens are within easy reach with the beach, pier and Huntcliff all within short walking distance. Transport links are provided by Saltburn rail station.

Note

The LHA rates for a 2 bed and 4 bed property is £97.81 and £149.59 per week respectively. Thus a combined potential income of £28,123.16 per annum (source: https://lha-direct.voa.gov.uk).

Addendum

Sold Prior

Accomodation Schedule

Property Floor Accommodation
Flat 1 First Two Bedroom Self-Contained Flat (GIA: 71.6 sq m)
Flat 2 First Two Bedroom Self-Contained Flat (GIA: 68.6 sq m)
Flat 3 Second Two Bedroom Self-Contained Flat (GIA: 71.6 sq m)
Flat 4 Second Two Bedroom Self-Contained Flat (GIA: 68.6 sq m)
Flat 5 Third Four Bedroom, Two Bathroom Self-Contained Flat (GIA: 119 sq m)

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about Flats 1-5, 17A Milton Street, Saltburn-by-the-Sea, Cleveland, TS12 1DH

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