*ONLINE Unconditional Auction Opening 24 June 2024*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Description
*ONLINE Unconditional Auction Opening 24 June 2024*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Situation:
The site is prominently situated on Nelson Street, in this well regarded and sought after area of the town, within easy reach of the Town Centre, and its many amenities, currently undergoing significant development, along with the Marshalls Yard retails and leisure complex. Gainsborough itself is well positioned for access to the surrounding towns of Scunthorpe and Retford, and Cities of Lincoln and Doncaster.
Description:
A wonderful opportunity to acquire this freehold site, currently comprising a block of 10 brick built garages, and significant forecourt area, with good frontage to Nelson Street, and also alternative access via the access road to the South. This site would be suitable for a number of different uses, and offers a wealth of potential for development subject to the necessary consents being obtained. Alternatively, the site could provide good income with a significant yield opportunity on a let basis following a full shcheme of improvement works, with income between £100 and £200 per month, per garage would see this generate between £12,000 and £24,000 per annum.
The site measures approximately 385 square meters.
Material Information Tenure:
The site is freehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.
Council:
The site falls within West Lindsey District Council.
Possession:
Vacant possession will be given upon completion.
Viewing:
At any reasonable time during daylight hours. All persons viewing should be aware that they enter the site entirely at their own risk.
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: Freehold
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 £1,800 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.
Loading the bidding panel...
- Unconditional (Immediate Exchange)
Call the team on 01427 616436 for more information
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.