Grimsby Road, Cleethorpes

Auctioneer CommentsThis property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold LimitedThis method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349 including VAT towards thepreparation cost of the pack, where it has been provided by iamsold.The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral ArrangementsThe Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you. Roost Estate Agents are delighted to offer this rare and exciting investment opportunity in the sought-after seaside resort of Cleethorpes. Situated in a prime business location on Grimsby Road, this substantial mixed-use property presents an excellent chance to acquire a large commercial premises together with two separate one bedroom flats, all of which are currently tenanted and generating an immediate income.Ideally positioned for a wide range of amenities, regular bus services and only a short distance from the seafront, the property benefits from strong passing trade and excellent accessibility, making it an attractive proposition for investors seeking a well-located income producing asset.The ground floor comprises a generously sized shop frontage with multiple storage rooms, offering versatile space that could be utilised for a variety of commercial purposes. The commercial accommodation further benefits from two separate WC facilities, one of which also incorporates a shower.To the rear of the first floor are two separate one bedroom flats, each featuring a fitted kitchen and shower room. Both flats are currently occupied, providing additional rental income and enhancing the overall investment appeal of the property.Internal viewing is highly recommended to fully appreciate the size, versatility and future potential of this unique opportunity in one of Cleethorpes' most desirable commercial locations.