FOR SALE BY UNCONDITIONAL ONLINE AUCTION! (IMMEDIATE EXCHANGE)
This property will be offered for sale by auction opening 15th November 2021 with a *guide price of £130,000 - £160,000 (plus fees).
Description
Situation:
The property is situated in a central and popular area amongst other properties of a similar style in a mixed commercial and residential area within close proximity to Grimsby town Centre, Freshney Place shopping centre and further secondary shopping areas.
Grimsby offers a wide range of facilities and amenities along with having excellent access to the A/M180 motorway network.
Description:
A freehold opportunity for this end of terrace premises currently split into three separate units all let and income generating. The ground floor commercial unit is currently generating £4620 per annum, the first floor residential flat let at £4217 per annum and the one bedroom attached bungalow being let at £4420 per annum. The properties are of traditional construction with long term tenants in all three units and the properties present an ideal investment opportunity for potential landlords.
Ground Floor Shop – Meggie Moos Dog Groomers, 248 Heneage Road, Grimsby DN32 9NP
A 5-year lease was granted with a rent review and break clause in August 2020 and August 2022 although the tenant has been in situ since 2017. The rent was initially £365pcm but was increased to £385 from August payment in line with the review. The annual income is £4,620.00.
This shop previously had planning consent for A1 use but is now a dog grooming parlour under Sui Generis use, details for which can be found at North East Lincs planning no. DM/0677/17/FUL.
1 Bed flat Above Shop – 248a Heneage Road, Grimsby DN32 9NP
(accessed from exterior staircase in Granville Street)
Being offered for sale with the benefit of a long standing (11 year) tenant, a revised tenancy agreement was granted in December 2020 being paid on a weekly charge amounting to £351pcm or £4,217 per annum.
1 Bed rear Bungalow - 50 Granville St, Grimsby DN32 9NS
(adjoining 248 Heneage road by single storey rear extension)
Being offered for sale with the benefit of a long standing (5 year) tenants, a revised tenancy agreement was granted in December 2020 being paid every 4 weeks totalling £368pcm or £4,420pa.
The total income for the three properties amounts to £13,293 per annum.
General Remarks
Possession
Subject to existing tenancy agreement and leases.
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 & 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.
Additional Fees
Buyer's Premium: £1,200.00
Administration Charge: £1,200.00
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion
EPC Rating
248 - E / 248a - G / 50 - 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.
Administration Charge
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
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- Unconditional (Immediate Exchange)
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