Important Notice - Coronavirus (COVID-19)
  • For Sale By Unconditional Online Auction
  • Guide Price* : £115,000
  • Bidding Opens 26/05/2020 12:00

15 Main Ridge West, Boston, Lincolnshire, PE21 6SS

FOR SALE BY ONLINE AUCTION ON THURSDAY 28th May 2020! (Bidding opens 26th May 2020) For more information, please contact a member of the auction team on 01427 616436


Description

FOR SALE BY ONLINE AUCTION ON THURSDAY 28th May 2020! (Bidding opens 26th May 2020)
For more information, please contact a member of the auction team on 01427 616436



A Substantial Mid Terraced Property Arranged to Provide 3 Letting Units Comprising 1 Self Contained Apartment and 2 Letting Rooms Sold Subject to the Existing Tenancy Agreements.

The property currently has a Gross Passing Rent of £14,780.04 per annum with an Estimated Gross Rental Value of £18,380.04 per annum.

The market town of Boston has a population of over 68,000 residents, a twice weekly market, active port, large hospital, good range of retail and sports facilities.
Located approximately 115 miles to the north of London, 45 miles to the east of Nottingham and 35 miles to the west of King’s Lynn.
The town has good rail links to London King’s Cross via Grantham/Nottingham.

The property is located in the centre of the town, immediately to the north of the John Adams Dual Carriageway.


Accommodation:

A communal front door leads to a communal Entrance Hall Stairway.
Ground Floor Front Room: 4.00m x 4.00m (13ft 1 x 13ft 1)


Ground Floor Apartment:

Having Hall with storage cupboards.
Lounge: 3.60m x 2.50m (11ft10 x 8ft2)
Kitchen: 2.90m x 1.70m (9ft6 x 5ft7) Having a range of matching kitchen units with stainless steel sink, rear door to yard
Bathroom: Having bath, WC and sink, tiled.
Pantry off kitchen area: 2.00m x 0.90m (6ft7 x 3ft)
Bedroom: 4.10m x 3.80m (13ft5 x 12ft6)


First Floor Landing:

Letting Room No 1: 4.00m x 3.60m (13ft1 x 121ft10) Front, having sink.
Letting Room No 2: 4.00m x 3.60m (13ft1 x 121ft10) Rear, having sink.
Communal Bathroom: having bath, corner sink, low level WC.
Airing cupboard with a pre-insulated copper water cylinder.
Kitchenette Communal: 2.40m x 2.30m (7ft 10 x 7ft7) Having a modern range of kitchen units, comprising 6 door high level units over round edged work surfaces, stainless sink with drainer, space for domestic appliances.
Stairs lead to the Second Floor which is unused measuring 3.50m x 4.10m and 2.50m x 2.20m (11ft6 x 13ft5 and 8ft2 x 7ft3).


Outside:

A shared passageway leads to the rear of the property where there is an enclosed rear yard for the use of the ground floor rear apartment.


Schedule of Tenancies:

Unit 1 – Apartment – AST – £650pcm
Unit 2 - Letting Room – AST - £300pcm
Unit 3 – Letting Room – AST - £281.67pcm
Unit 4 – Second Floor – VACANT- Estimated Rental Value: £300pcm

Total Per Calendar Month: £1231.67
Total Estimated RV Per Calendar Month: £1531.67

Total Per Annum: £14780.04
Total Estimated RV Per Annum £18380.04


Outgoings:

15 Main Ridge is rated Council Tax Band B. Heating is via electric storage heaters.


General Remarks

Possession
Subject to existing tenancy agreements.

Viewing
Unfortunately no internal viewings are possible at this time due to the current pandemic.

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 & 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.


BUYERS PREMIUM

1.2% inc VAT of the purchase price, SUBJECT TO A MINIMUM of £1140 inc VAT, payable on exchange of contracts.

Additional Fees
Buyer's Premium: £1,140.00
Administration Charge: £1,200.00
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

Administration Charge

Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.

The auction has not yet started
Minimum Opening Bid

£105,000


Bidding Opens On
26th May 2020 12:00
End Date

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* Guide | £115,000
  • Terraced House
  • Unconditional (Immediate Exchange)

Call the team on 01427 616436 for more information

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.