*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer to auction this two traditional brick built two storey property that provides two self-contained one bedroomed separate flats (one currently vacant) some works are required, held on Shorthold Tenancy Agreements along with two ground floor retail units held on FRI lease terms at a combined rent of £3,900, with expired planning consent provided for a further two, one bedroomed dwellings located on Phelps Street elevation of the investment.

Please note we have not inspected this property.

For sale through Pattinson Auction under Conditional Terms.

Rooms

Location
The investment opportunity holds a highly visible position on the busy thoroughfare of Grimsby Road, located at the junction with Phelps Street Cleethorpes, in a good commercial area with easy access to all facilities. Grimsby Road is the main arterial route through to both the towns of Grimsby and Cleethorpes and has a high level of traffic throughout the day.

Accommodation
49 Retail Unit (GF) Shop Approx - 704 sq ft (65.4 sq m) WC Flat Living Room, one Bedroom, Kitchen, Bathroom Rent at £75 per week (£3,900 per annum each) 51 Retail unit (GF) Shop Approx – 292 sq ft (27.1 sq m) WC Flat 1 – (currently vacant) Lounge, Kitchen, one Bedrooms, Bathroom

Tenure
Freehold. Title number HS61920

Rateable Value
49 - The current rateable value is £4,100 (1 April 2023 to present). 51 - The current rateable value is £3,050 (1 April 2023 to present). Sourced from VOA.

EPC
49 - Available Upon Request (Rating C). 51 - We are currently awaiting a copy of the energy performance certificate.

Occupancy
49 Grimsby Road shop (currently vacant) - Potential rent £4,800 pa 51 Grimsby Road shop (currently vacant) - Potential Rent £4,200 pa 49 FF flat (occupied) - Current rental £3,900 pa 51 FF flat (currently vacant) - Potential Rent £4,160 pa

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either by, 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 Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. 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. 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 and identity process in accordance with Anti Money Laundering procedures.

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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). 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 it necessary or beneficial to the customer to pass your 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.

Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.

No longer on the market

Retail property (high street)

Features and description

Rooms

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