21 Station Street PE11 1EB

LOCATION
** BEING SOLD VIA SECURE SALE ONLINE BIDDING - T´s & C´s APPLY **
- Commercial/Residential Investment Property
- Immediate ´Exchange of Contracts´ available
- Property split between Ground floor retail, and First/Second floor 2 No Bedsit/Flats
(Both Flats Let Separately)
- Ground Floor Net Internal Floor Area Approximately 47.7² (513ft2)

The property is situated in a good secondary trading location just off the Sheep Market in the town centre of Spalding, and positioned on the main shopping route leading to Winsover Road. Public car parking is available a short distance away in the Sheep Market and nearby Victoria Street car parks. The property lies within the Spalding Conservation Area.

Spalding is a market town with a population of approximately 30,500 which has weekly markets on Tuesdays and Saturdays. The town is located with easy access via the A16 through to Peterborough to the south, together with connections to the A1, and the A17 to the north and Boston. Spalding enjoys a rail connection service to Peterborough from whence main line connections to London King´s Cross are readily available (minimum journey time 49 minutes).

DESCRIPTION
The property comprises of ground floor retail accommodation (approximately 8.07m deep and approximately 3.63m wide max.), with further storage and ancillary accommodation at the rear. 2 No. flats with separate access door off Station Street are located on the first and second floors.

INVESTMENT DETAILS
The property is For Sale as a whole, with the retail area presently unoccupied, and Flat 1 and Flat 2 both Let.

21A STATION STREET, SPALDING (FIRST FLOOR) FLAT - CURRENTLY LET ON APT
Ground floor entrance door shared with Flat 21B with stairs leading to a communal landing area, with Flat comprising Lounge/Bedroom, Kitchen, Shower room with shower, wash hand basin and WC. All being located on the first floor. Current Rent Passing: £392 pcm. APT Date: 3 June 2019

21B STATION STREET, SPALDING (SECOND FLOOR) FLAT - CURRENTLY LET ON APT
Ground floor entrance door shared with Flat 21A, with stairs leading to a communal landing area, stairs up to 2nd floor flat comprising Lounge/Bedroom and kitchen, and bathroom with bath, wash hand basin and WC.
Current Rent Passing: £450 pcm. APT Date: 5 Oct 2021

ACCOMMODATION
GROUND FLOOR 21 STATION STREET (RETAIL)

FRONT SHOP/OFFICE: 8.07m deep x approximately 3.63m wide, plus understairs cupboard. Laminate flooring, pendant lights.

REAR STOCKROOM: 2.92m (maximum) x 4.49m (maximum), skylight, vinyl flooring, part tiled walls, fluorescent lights.

KITCHEN: 1.82m x 2.75m, concrete floor, pendant light, stainless steel sink with drainer, hot water tap.

REAR LOBBY: Wash hand basin and electric water heater.

SEPARATE WC: Low level WC, wash hand basin

EPC Rating: D

SEPARATE ENTRANCE LOBBY TO:

21A STATION STREET, SPALDING (FIRST FLOOR) FLAT

LOUNGE/BEDROOM: 4.28m x 4.59m, two windows to front aspect, feature fireplace, carpet. Radiator.

KITCHEN: 3.75m x 2.70m, ceramic sink/drainer with underneath cupboard. Further range of base and wall fitted cupboards, tiled walling, vinyl flooring, radiator. Gas Boiler. Window to rear aspect.

SHOWER ROOM: 1.87m x 1.69m, shower cubicle with electric shower, wash hand basin and WC.

21B STATION STREET, SPALDING (SECOND FLOOR) FLAT

LOUNGE/BEDROOM: 4.29m x 4.55m, two windows to front aspect, built in cupboards, carpet. Radiator.

KITCHEN: 3.80m x 2.75m, stainless steel sink/drainer with underneath cupboard. Further range of base cupboards, part tiled walling, vinyl flooring, radiator. Gas Boiler. Window to rear aspect.

BATHROOM: 1.57m x 2.75m, bath, wash hand basin and WC. Radiator and electric wall heater.
(Located on First Floor)

Both flats share a communal hallway and staircase and have separate electric meters.

SERVICES
Mains water, electricity, gas and drainage. Separate supplies for the ground / upper parts.

TERMS
Pattinson Auction are working in Partnership with R Longstaff & Co LLP 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 R Longstaff & Co LLP.

The property is available to be viewed strictly by appointment only via R Longstaff & Co LLP or The Auctioneer. Bids can be made 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 R Longstaff & Co LLP 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.
This 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´.
These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

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 up to 6% inc VAT (subject to a minimum which could be up to £7,200 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 R Longstaff & Co LLP 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.

OUTGOINGS
GF 21 Station Street - Rateable Value 2026 List £5,400

VIEWING
By appointment