50-52 Newmarket Street, Grimsby, Lincolnshire DN32 7BP
- PROPERTY TYPE
Commercial Development
- SIZE
Ask agent
Key features
- 3 FLATS
- 1 RETAIL UNIT
- REAR COURTYARD
- PERFECT FOR INVESTORS
- EPC RATING - E/F
Description
FOR SALE BY UNCONDITIONAL ONLINE AUCTION! (IMMEDIATE EXCHANGE)
This property will be offered for sale by unconditional online auction 4th June 2024 with a *guide price of £30,000 - £50,000 (plus fees). To register to bid: auctionhouse.co.uk/lincolnshire
Situation:
The properties are situate on Newmarket Street, Grimsby, a popular and central area just of Freeman Street in the heart of this historic Port town. There are a wide range of facilities and amenities within close proximity along with excellent access to the M180 road network.
Description:
A wonderful opportunity to acquire this high yielding investment opportunity, made up of 4 individually units, including 3 residential and one commercial. The property comprises one mid and one end of terrace unit, currently arranged as 3 self contained flats and a retail premises. Current rent passing is approximately £16,400 per annum with scope to increase subject to the necessary notices to bring in line with market rents. Valued for the open market by a local commercial agent at £125,000 - £135,000.
ACCOMMODATION The properties comprise of:
First Floor Flat – 50 Newmarket St
Living Room
Bedroom 1
Bedroom 2
Kitchen
Bathroom
First Floor Flat – 52 Newmarket St
Living Room
Bedroom
Kitchen
Bathroom
Ground Floor Flat – 50 Newmarket St
Living Room
Bedroom
Kitchen
Bathroom
Ground floor Retail Unit – 52 Newmarket St
Small outside courtyard area to the rear.
MATERIAL INFORMATION Tenure:
The property is leasehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.
Council Tax:
The property falls within North East Lincolnshire Council – BAND A
Possession:
Vacant possession will be given upon completion.
Viewing:
Strictly by appointment with Auction House.
Services:
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Tenure: Leasehold
Lease Details: 115 years from ad including 1 August 2006 to and including 31 July 2121.
EPC Rating: E/F
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
50-52 Newmarket Street, Grimsby, Lincolnshire DN32 7BP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Grimsby Docks Station0.3 miles
- Grimsby Town Station0.7 miles
- New Clee Station0.7 miles
About the agent
Auction House, Lincolnshire
124, Trinity Street, Gainsborough, DN21 1JD
Auction House Lincolnshire is run by Drewery & Wheeldon whose long and proud history of involvement in auctions goes all the way back to 1879. We have been trading as Auction House since 2007 and our six auctions per year cycle is ideal for our area. We don’t just cover Lincolnshire but overlap into North Nottinghamshire to include Worksop and Retford, and South Yorkshire in the area around Doncaster. We also enter lots from the South Humberside areas around Scunthorpe, Brigg, Immingham and G
Notes
Disclaimer - Property reference 202402221457sq_2bvx. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Lincolnshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Lincolnshire on 01427 800574.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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