5 bed block of flats for sale

Hungate Lane, Hunmanby, Filey YO14

Hunters are pleased to bring to the market this excellent investment opportunity, offered for sale via the Modern Method of Auction. Comprising a block of three self-contained flats, this freehold property presents a rare chance to acquire a fully tenanted building with an immediate rental income.

The accommodation includes two well-proportioned one-bedroom ground floor flats, both benefiting from access to a shared rear courtyard, along with a spacious two-bedroom flat occupying the first floor. All three units are currently let on Assured Shorthold Tenancies, generating a combined gross income of approximately £19,250 per annum, making this an attractive turnkey investment for landlords seeking a ready-made addition to their portfolio.

The property is held on a single freehold title, with the rear courtyard set on a separate title, offering potential flexibility for future management or resale. On-street parking is available nearby for residents.

Ideally located in the heart of Hunmanby, a popular semi-rural village just outside Filey, the property benefits from a strong local community and a wide range of amenities including shops, cafés, a doctors’ surgery and a community centre. Hunmanby also offers excellent transport links, with its own train station and regular bus routes providing easy access to surrounding areas.

This is a fantastic opportunity for investors looking to secure a well-performing asset in a desirable location, with income from day one. Early interest is highly recommended.

Auction Wording

His property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

Epc

Flat 1 - C (Current: 71 Potential: 78) - Expires 28th February 2033
Flat 2 - C (Current: 73 Potential: 78) - Expires 28th February 2033
Flat 3 - C (Current: 74 Potential: 79) - Expires 5th August 2035

Council Tax

Flat 1 - A
Flat 2 - A
Flat 3 - B