Lot - 243 Freeman Street, Grimsby, South Humberside, DN32 9DW Auction Lot £35,000 - Auction Estates

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Nottingham Racecourse

17 April 2019

243 Freeman Street, Grimsby, DN32 9DW



Key Features

  • Fully let producing £8,840 pa
  • Mixed use investment property
  • Retail unit with 2 bed flat above
Draft Details Only

Mixed use two storey investment property, ground floor retail unit and first floor 2 bed flat. Fully let producing £8,840 per annum.

• Mixed use investment property situated Central Grimsby
• Ground floor retail unit
• Let for 3 years from 16/12/16 producing £4,420 pa
• EPC Shop - TBC
• First floor 2 bedroom self contained flat
• Flat let on an AST from April 2017 producing £4,420 pa
• EPC Flat - C


Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.

Important Notices

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.

The property is held by way of two leasehold interests, both for a term of 115 years from 01/08/1996 at a current accumulative ground rent of £1,195.08 pa.

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