*ONLINE Unconditional Auction Opening 3 March 2025*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Description
Situation:
The property is situated on Brereton Avenue, Cleethorpes a popular and central area of this north east Lincolnshire market and port town. The town centre is within close proximity offering a wide range of facilities and amenities both retail and leisure and Grimsby itself is well positioned for access to the M180 road network.
Description:
A first floor flat benefiting from uPVC double glazing, central heating and versatile accommodation throughout. The property boasts well proportioned rooms and the scope add value. This property will appeal to those investors and owner occupiers alike being an ideal project and offering high potential yield at the advertised guide price, with potential to let at £550pcm (£6600 per annum) once renovated based on properties of a similar style in the area. An internal viewing is a must to appreciate the scope of the accommodation on offer.
Accommodation Hallway:
Kitchen: 3.30m x 3.0m
Sitting Room: 4.70m x 3.60m
Bedroom: 4.00m x 3.10m
Bedroom: 3.00m x 2.40m
Bathroom: With suite
Material Information: Tenure:
The property is leasehold on a term of 199 years from 1 October 2008 at a ground rent of £50.00 per annum. The ground rent increases every 25 years of the term by doubling to a maximum of £800.00 p.a. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.
Council Tax:
The property falls within North East Lincoln Council – BAND A
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.
Lease Start Date
01/10/2008
Lease Duration
199 years (182 years unexpired)
Annual Ground Rent
£50 - reviewed every 25 years
EPC Rating
D
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
Non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
Administration Charge
Non-refundable £1,800 inc VAT payable on the fall of the virtual gavel.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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- 2 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 01427 616436 for more information
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