*ONLINE Unconditional Auction Opening 5th May 2025*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Description
*ONLINE Unconditional Auction Opening 5th May 2025*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Situation:
The property is situate on St Peters Avenue, in the heart of Cleethorpes, being extremely well positioned for access to a wide range of facilities and amenities, including the sea front and promenade. Cleethorpes itself offers convenient access to the surrounding wider area, including Grimsby, along with further access to the M180 road network and prominent rail link.
Description:
A wonderful opportunity to acquire this significant and well positioned investment and development opportunity. Comprising a well appointed and let ground floor shop unit, with a lease generating £10,000 per annum to an established local business, along with strong development opportunity, having planning & prior approval for conversion to multiple residential units (up to 7 self contained). Significant scope to add substantial value to the site, but also generate an excellent yield – with rental income projected at circa £54,000 per annum for the site if configured at 7 residential units plus commercial interest.
Material Information Tenure:
The property is freehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
Council :
The property falls within North East Lincolnshire Council
Possession:
Subject to existing lease agreement.
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. Information relating to Phone & Broadband can be found by visiting Ofcom. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Tenure: Freehold
EPC Rating: TBC
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 £1,440 inc VAT payable on the fall of the virtual gavel.
Administration Charge
Non-refundable £1,440 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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- Unconditional (Immediate Exchange)
Call the team on 01427 616436 for more information
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