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MapGuide price
£35,000Property for sale
Sewells Walk, Lincoln
Auction
Under offer
Property
Features and description
- Tenure: Freehold
- Commercial Development Opportunity
- Potential £5880.00 PA 14% Yield
- For Sale By Modern Method of Auction - T & C`s Apply
- Subject to Reserve Price
- Buyers Fees Apply
Pridea Sales & Lettings are pleased to present this Commercial Development Opportunity being offered for sale by the Modern Method of Auction. Located to the rear of Numbers 2-6 Sewells Walk, Lincoln, immediately to the rear of 416 High Street, Lincoln.
Offering a fantastic opportunity in the sought after southern side of the City Centre the site currently comprises of 1 garage and 7 lock-up units.
On the information provided, it is understood that the rental of the smaller units is £60 pcm and the garage to be £70 pcm - Potential to achieve £5880.00 PA and a potential yield of 14%
The site previously had Full Planning Permission for the erection of a Single Storey Industrial Building. City of Lincoln Council Planning Application No: 2017/0502/FUL
Mains water, electricity, drainage and gas are understood to be available for connection but prospective purchasers should make their own enquiries of the relevant authorities.
Property Type: Industrial
Tenure: Freehold
Parking: Allocated
Being Sold via Secure Sale online bidding. Terms & Conditions apply.
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Offering a fantastic opportunity in the sought after southern side of the City Centre the site currently comprises of 1 garage and 7 lock-up units.
On the information provided, it is understood that the rental of the smaller units is £60 pcm and the garage to be £70 pcm - Potential to achieve £5880.00 PA and a potential yield of 14%
The site previously had Full Planning Permission for the erection of a Single Storey Industrial Building. City of Lincoln Council Planning Application No: 2017/0502/FUL
Mains water, electricity, drainage and gas are understood to be available for connection but prospective purchasers should make their own enquiries of the relevant authorities.
Property Type: Industrial
Tenure: Freehold
Parking: Allocated
Being Sold via Secure Sale online bidding. Terms & Conditions apply.
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
About this agent
Pridea Sales and Lettings was established six years ago in the University City of Lincoln. The company was initially centred on the day to day management of a large property portfolio, owned by the current director. We have since expanded through building successful relationships with other landlords and also now manage an increasing number of third party owned properties. Our business is based on pride, hence the name ‘Pridea’. We have a huge sense of pride in what we do and have a great passion for the property industry. We are very proud of every aspect of our business and our focus is to provide a fantastic product and service that always clearly demonstrates our Pridea ethos. The Pridea team has over 50 years of experience in the lettings industry and we reflect the same passion that our customers have for their own properties. Our experience has been invaluable in helping us to ensure that properties are managed in the correct way, creating a stress-free experience for both Landlord and Tenant. As a company, we are currently managing over £7 million pounds of residential property across the United Kingdom. We continue to research and investigate the market to ensure that we always provide a comprehensive service, at a competitive price. We have also recently opened a property sales division. The sales team at Pridea are a highly driven group who apply both unique and traditional marketing techniques to turn our clients’ dreams into reality. This part of the company will continue to develop by applying the same trusted, Pridea customer service principles that have always been a recipe for success. Be it in sales, lettings or both, our Pridea promise will always be to go above and beyond, guaranteeing our clients that the service they receive will be of the highest standard. We endeavour to give our customers their own sense of pride in being part of our growing business.