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Lot - 12, 14, 14a, 16 &16a Tennyson Road, Mablethorpe, LN12 1HE Auction Lot £80,000 - Auction Estates

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Nottingham Racecourse

13 August 2020

12, 14, 14a, 16 &16a Tennyson Road, Mablethorpe, LN12 1HE

Guide Price: £80,000


Key Features

  • Freehold mixed use property comprising of three commercial units and two residential units
  • 1 flat now vacant, 1 flat & 3 retail units all let
  • Popular seaside location close to Mablethorpe town centre
Draft Details Only

Freehold mixed use investment property 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 - Office, let at £1,560 pax
• 14A: Hall, Kitchen, Lounge, Bedroom, Bathroom
• 14A: Let at £3,900 pax
• 16A: Hall, Kitchen/Diner, Two Bedrooms, Bathroom
• 16A - Vacant
• Benefits from rear yard
• Ideal opportunity for owner occupiers and investors


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


Please contact Auction Estates on 0115 7844 600

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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

Freehold subject to the occupational leases of 3 x commercial units and 1 x flat, 1 flat is currently vacant.

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