12, 14, 14a, 16 &16a Tennyson Road, Mablethorpe, LN12 1HE
Prior
Prior
Prior
Prior
£90,000
3
Key Features
- Freehold mixed use property comprising of three commercial units and two residential units
- The property is fully let with a combined rental income of £14,200 pax
- Popular seaside location close to Mablethorpe town centre
Part of the
12 December 2019
auction
Nottingham Racecourse
at
2.30PM
Freehold mixed use investment opportunity comprising three commercial units & two residential flats
- Freehold mixed use investment property
- Five individual units with al elements currently let
- Located close to Mablethorpe town centre
- Popular seaside location & tourist destination
- GF: Three commercial units (fully let)
- Unit 1 - Tattoo shop, let at £1,560 pax
- Unit 2 - A1 Taxis, let at £2,860 pax
- Unit 3 - Candlemakers, let at £1,560 pax
- FF: Flat 1: Hall, Kitchen, Lounge, Bedroom, Bathroom
- Flat 1 - Let at £3,900 pax
- FF: Flat 2: Hall, Kitchen/Diner, Two Bedrooms, Bathroom
- Flat 2 - Let at £4,320 pax
- Combined rental income of £14,200 pax
- Benefits from rear yard
- Ideal opportunity for owner occupiers and investors
Final viewing date: Friday 6th December at 1.00pm.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
Freehold subject to the occupational leases of 3 x commercial units and 2 x self contained flats with a combined rental income of £14,200 pax
Email: megan.craig@elliotmather.co.uk
Telephone: 01246 231288