Oxford Street, Grimsby, N E Lincs, DN32

Marketed via online auction, see further details below.

Excellent investment opportunity, now available to market including 2 residential flats and a ground floor retail unit the latter of which is currently vacant but with a high quantity of enquiries.

This is an excellent chance to acquire multiple units in the same transaction with both the ground floor and first floor flats already tenanted at a respective rate of £115 PCW and £95 PCW and the shop estimated to return £85-90 PCW. A highly attractive yield that should be readily considered by landlord or investor.

The ground floor flat, accessed at the rear of the property, is deceptively spacious one bedroom dwelling with single reception room and modern fitted kitchen and three piece bathroom suite. The first floor flat, access from the front of the property is similarly equipped.

The retail unit includes shop front and rear storage area and kitchenette as well access to its own W/C - a compact that entirely self-sufficient space set on a busy Grimsby street.

The property is situated only minutes away from Grimsby Town Centre and Cleethorpes Sea Front while also enjoying close proximity to Freeman Street and Grimsby Road high streets.

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'.

This auction lot is being sold either under 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 Marketing Agents or via The Auctioneers website.

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

The property is being sold via a transparent online auction.
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 of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’, and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.




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.

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 equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. 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 necessary or beneficial to the customer to pass their 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.