4 x Shops, Kent Street & Freeman Street, Grimsby, DN32 7DH
£70,000
Investment
Key Features
- An opportunity to acquire 4 x Shops in Grimsby, one of which is let and the remaining three with vacant possession.
- Well presented shop units with large glazed frontages.
- A potentially high yielding investment when fully let and a good starter investment property.
Part of the
17 August 2023
auction
The Nottingham Racecourse
at
2.30PM
An opportunity to acquire 4 x Shops in Grimsby, one of which is let and the remaining three with vacant possession. Well presented shop units with large glazed frontages. A potentially high yielding investment when fully let and a good starter investment property.
- 4 x Town Centre shop units
- 63 Kent Street is let at £4,500 pa (565 sq ft)
- 15 Freeman Street (vacant) is 697 sq ft
- 17 Freeman Street (vacant) is 574 sq ft
- 19 Freeman Street (vacant) is 602 sq ft
- Open plan, clean & tidy and ready to let out
- Adjacent to the new YMCA development
- Easy access to the A180/M180 off Cleethorpe Rd
- Modern shop fronts with full height glazing
- Key fob operated electric security shutters
- Suspended ceilings, slatted panels to the walls
- All with WC facilities
- Ideal and low cost investment opportunity
Contact Auction Estates (0115) 7844600
Fees
A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
For Sale on a Long leasehold basis. Each with approximately 900 years left (refer to Legal Pack). 63 Kent Street is let and producing £4,500 pa and the remaining three shops are with vacant possession
Refer to Legal Pack