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Grimsby Road, Cleethorpes, Lincolnshire, DN35 7AQ

Guide Price
£110,000

£110.00 per sq ft

Business rates & charges may apply

Pattinsons, Pattinsons Auction- National Auctioneer
SIZE AVAILABLE

1,000 sq ft

93 sq m

SECTOR

High street retail property for sale

Key features

  • Investment Opportunity
  • Busy thoroughfare of Grimsby Road
  • Potential for £21,450 per annum once fully let
  • Central location
  • Planning consent for a further two one bed dwellings

Description

*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer to auction this two traditional brick built two storey property that provides two self-contained one bedroomed separate flats (one currently vacant) some works are required, held on Shorthold Tenancy Agreements along with two ground floor retail units held on FRI lease terms at a combined rent of £5,850, with expired planning consent provided for a further two, one bedroomed dwellings located on Phelps Street elevation of the investment.


Please note we have not inspected this property.

Location

The investment opportunity holds a highly visible position on the busy thoroughfare of Grimsby Road, located at the junction with Phelps Street Cleethorpes, in a good commercial area with easy access to all facilities. Grimsby Road is the main arterial route through to both the towns of Grimsby and Cleethorpes and has a high level of traffic throughout the day.

Accommodation

49 Retail Unit (GF)
Shop Approx - 704 sq ft (65.4 sq m)
WC
Flat
Living Room, one Bedroom, Kitchen, Bathroom
Rent at £75 per week (£3,900 per annum each)

51 Retail unit (GF)
Shop Approx – 292 sq ft (27.1 sq m)
WC

Flat 1 – (currently vacant)
Lounge, Kitchen, one Bedrooms, Bathroom

Tenure

Freehold. Title number HS61920

Rateable Value

49 - The current rateable value is £4,100 (1 April 2023 to present).
51 - The current rateable value is £3,050 (1 April 2023 to present).

Sourced from VOA.

EPC

49 - Available Upon Request (Rating C).
51 - We are currently awaiting a copy of the energy performance certificate.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Brochures

Grimsby Road, Cleethorpes, Lincolnshire, DN35 7AQ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • New Clee Station0.2 miles
  • Grimsby Docks Station0.8 miles
  • Cleethorpes Station1.3 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 447556. 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 Pattinsons, Pattinsons Auction- National Auctioneer. 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 Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.

*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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