Important Notice - Coronavirus (COVID-19)
  • For Sale By Unconditional Online Auction
  • Guide Price* : £135,000 - £155,000
  • Bidding Opens 30/05/2022 13:00

64 & 64a Cottage Beck Road, Scunthorpe, South Humberside, DN16 1LE

INVESTMENT OPPORTUNITY - Producing Gross Income of £38,783 per annum (2020/2021)
This property will be offered for sale by online unconditional auction closing 31st May 2022 with a *guide price of £135,000 - £155,000 (plus fees).


Description


Situation:
The properties are situated on Cottage Beck Road, Scunthorpe a popular and central area of this North Lincolnshire town, close to both retail facilities and a short distance from the steel work and other industrial areas. Scunthorpe itself offers a wealth of facilities and amenities, along with good access to the M180 motorway network.

Description:
An ideal opportunity to purchase the freehold of these 2 properties, currently being operated (and have been for 4 years) as serviced accommodation, and producing gross income of £38,783 per annum (2020/2021). Estimated gross income of £39,982 per annum (2021/2022 est.).
They are currently configured as a 1 bed and a 2 bed self contained flats, with excellent occupancy rates (95%) (2020/2021).
An internal viewing is a must to appreciate the specification, and size of the property, and the poses to perfect opportunity for a high yielding investment.


General Remarks

Tenure
The property is believed to be freehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.

Possession
Subject to any existing tenancy agreements.

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

Administration Charge

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

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* Guide | £135,000 - £155,000
  • Unconditional (Immediate Exchange)

Call the team on 01427 616436 for more information

Related Documents

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.