FOR SALE BY UNCONDITIONAL ONLINE AUCTION! (IMMEDIATE EXCHANGE)
This property will be offered for sale by auction opening 15 May 2023 with a *guide price of £10,000+ (plus fees).
Description
Situation:
The property is situate on Grimsby Road, Cleethorpes, a popular and central residential area of this North East Lincolnshire port and market town, near the town centre with a wide range of facilities and amenities all within easy reach and supported by excellent public transport links and good access to the M180 motorway network, and further access to the Cities of Hull, Sheffield, Leeds and Doncaster.
Description:
A traditionally constructed ground floor flat, offered for sale with the benefit of well proportioned accommodation in need of some cosmetic improvements. This property provides an excellent investment opportunity with a high gross yield (between £450 and £600pcm market rents), and with further potential for significant uplift if pursuing a ‘holiday let’. The property presents a perfect, high yielding opportunity for the discerning purchaser and scope to add value.
Accommodation
Siting Room
Dining/Kitchen
Bedroom 1
Bedroom 2
Family Shower Room
Outside:
Garden area.
Material Information
Tenure:
The property is believed to be leasehold - 99 years from 24 January 1986 with a ground rent of £50 and insurance rent All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.
Council Tax:
We have been advised that the property falls within North East Lincolnshire Council – BAND A
Possession:
Vacant possession will be given upon completion.
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.
Tenure: Leasehold
Lease Details: 99 years from 24 January 1986 with a ground rent of £50 and insurance rent
EPC Rating: D
Council Tax Band
A
Lease Start Date
24/01/1986
Lease Duration
99 years (61 years unexpired)
Annual Ground Rent
£50
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 £1,200 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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