*ONLINE Unconditional Auction Opening 01 December 2025*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Description
Situation:
The property is situate on Grimsby Road, Cleethorpes, being a prominent and well positioned area of the town, with convenient access to the town centre and its wide range of facilities and amenities, including the popular promenade, and a diverse range of shops, public houses, restaurants and eateries, along with the train station, with direct link across to Manchester, Liverpool and Sheffield.
Description:
A wonderful opportunity to acquire this recently renovated, substantial block of 7 self contained units, fully let and generating gross income of £38,320 per annum. 5 of the 7 units are let to MEARS LTD housing provider for the Ministry of Justice on Authority of the Secretary of State for a period of 5 years. 2 Units are privately let, giving an exciting and rare opportunity for the purchaser to secure a long term, diverse, high yielding investment.
Accommodation
7 Self Contained Flats, fully refurbished to a good standard across ground, first and second floors. Heating, double glazing and well appointed accommodation throughout.
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 Tax:
The property falls within North East Lincolnshire Council – BAND - A
TENANTED
Possession:
Subject to existing tenancy 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.
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 1.2% of the sale price 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.
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- 7 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 01427 616436 for more information
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
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