A vacant five-storey mid-terrace house with planning consent for conversion to a 13 bed HMO all with en-suite shower rooms. It is anticipated that when the conversion work is completed the property will be capable of generating a gross income of between £80,000 and £90,000pa. As such, it will no doubt be of interest to both local and national investors. The property occupies a good position in the centre of Blands Cliff, boasting spectacular rear views of the South Bay. This former B&B has huge potential for any investor looking to provide holiday lets or to run as a large HMO.
The floorplans provided show the current layout and the proposed layout that has been approved. Planning consent was granted on 17th Deceber 2024 for Conversion of vacant visitor accommodation to a 13 bedroom HMO (Sui Generis).
Location
Scarborough is an established commercial, tourist and retail centre, approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast attracting an estimated 7 million visitors a year.
Blands Cliff lies at the bottom end of Scarborough town centre and links the centre of Scarborough to the South Bay and is a mixed use locality with a number of commercial operators within the vicinity. Scarborough's famous South Bay is directly accessed from the subject premises.
Accommodation
The property comprises a mid-terrace brick building with nine bedrooms, six shower rooms, five kitchens, and a former commercial premises all arranged over lower ground, ground, first, second, third, and fourth floors. It is held under a pitched and slated roof. The property also benefits from a generous rear garden.
Services
Mains Water, electricity and drainage are believed to be connected to the property but have not been tested.
Tenure
We understand the property to be Freehold.
Business Rates
The property is currently rated for use as a Guest House and is rated for business purposes as having a rateable value of £8,400.
EPC
This property's energy rating is D(63)
Viewings
Strictly by appointment with the auctioneers on 0845 400 9900.
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday, 26th May 2025, and closing on Wednesday, 28th May, at 1.00 pm. For further legal information relating to this lot, please go to auctionhouse.co.uk/hullandeastyorkshire.
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.
Additional Fees
The purchaser will be required to pay an administration charge of 0.3% inc VAT subject to a minimum of £900 (£750 plus VAT) and a buyer’s premium of £720 (£600 + VAT) in addition to the purchase price of the property.
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.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Solicitor
TBC
Tenure : Freehold
Council Tax Band : A
