Situation: The properties are situate on Newmarket Street, Grimsby, a popular and central area just of Freeman Street in the heart of this historic Port town. There are a wide range of facilities and amenities within close proximity along with excellent access to the M180 road network. Description: A wonderful opportunity to acquire this high yielding investment opportunity, made up of 4 individually units, including 3 residential and one commercial. The property comprises one mid and one end of terrace unit, currently arranged as 3 self contained flats and a retail premises. Current rent passing is approximately £16,400 per annum with scope to increase subject to the necessary notices to bring in line with market rents. Valued for the open market by a local commercial agent at £125,000 - £135,000. ACCOMMODATION The properties comprise of: First Floor Flat – 50 Newmarket St Living Room Bedroom 1 Bedroom 2 Kitchen Bathroom First Floor Flat – 52 Newmarket St Living Room Bedroom Kitchen Bathroom Ground Floor Flat – 50 Newmarket St Living Room Bedroom Kitchen Bathroom Ground floor Retail Unit – 52 Newmarket St Small outside courtyard area to the rear. MATERIAL INFORMATION Tenure: The property is leasehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack. Council Tax: The property falls within North East Lincolnshire Council – BAND A Possession: Subject to exisitng tenancy agreements. 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. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them. A 01/08/2006 115 years (97 years unexpired) E / F Non-refundable £1,200 inc VAT payable on the fall of the virtual gavel. Non-refundable £1,200 inc VAT payable on the fall of the virtual gavel. Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion
Auction House Lincolnshire, North Notts & South Yorks
