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Flat 28 Nautica, The Waterfront, Selby, North Yorkshire, YO8 8FD
Guide Price* : £90,000 plus
- Sale on behalf of the Joint LPA Receivers
- Long Leasehold Residential Investment
- Two Bedroom Flat within Modern Development
- Approximately 64.10 sq m (690 sq ft)
- Producing £11,000 per annum
Description
A two bedroom residential flat situated on the fourth floor of the Nautica Building within the development known as The Waterfront. The development comprises approximately 55 apartments each with allocated under croft car parking. There is a shared communal entrance with stair only access to the upper floors.
Internally, the flat is arranged with an open plan living room and kitchen finished with vinyl flooring, modern wooden kitchen wall and base units with inset stainless steel sink and tile splashback. The living area provides carpet flooring, painted plaster walls and LED spotlights. The living room accommodation provides UPVC double glazed patio doors opening on to a balcony overlooking the River Ouse to rear of the property. The bedrooms are consistent in specification with the master bedroom being slightly larger and providing in-built wardrobe storage. The bathroom provides a bath with overhead shower, WC and sink basin.
Heating is provided by electric wall mounted radiators which are provided to the living room, bedrooms, and bathroom.
The property extends to a Gross Internal Area of approximately 64.10 sq m (690 sq ft).
We understand that the apartment benefits from an allocated car parking space within the under-croft car parking facility.
Location
The property is located within Selby, a market town in North Yorkshire approximately 12 miles south of York, 22 miles east of Leeds and 35 miles west of Hull. In the 2021 UK Census, Selby had a population recorded at 19,760.
The property is situated on the fourth floor of the Nautica Building which forms part of The Waterfront residential development off Shipyard Road and on the bank of the River Ouse to the east of Selby town centre. The immediate area provides a mixture of residential, industrial, and commercial property and Selby train station is situated just a ¼ mile west.
Tenure
The property is held long leasehold for a term of 155 years from April 2004 at a ground rent is £130.00 per annum subject to a rent review on 25th anniversary of the term and every 5th anniversary thereafter. The service charge is £953.16 per annum.
Tenancy
The property is occupied under the terms of an Assured Shorthold Tenancy Agreement dated 15 November 2021 on a six month term at a rent of £925.00 per calendar month (£11,100 per annum).
VAT
Refer to the legal documentation
Energy Performance Certificate
C:75
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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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Subject to Contract and Exclusive of VAT © Lambert Smith Hampton January 2025
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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