How can we help?

NEXT ONLINE AUCTION – THURSDAY 15TH APRIL 2.30PM - Click here to view

Lot - Monks Way, Monks Road, Lincoln, LN2 5PR Auction Lot Nil Reserve - Auction Estates

Monks Road, Lincoln, LN2 5PR

Guide Price: Nil Reserve


Sold
£7,700

Key Features

  • Small parcel of strategic land to the East of Monks Way
  • Freehold land containing 18 industrial units All sold off on 999 year leases
  • Ideal strategic long term investment opportunity
Draft Details Only

Freehold strategic investment comprising land and 18 industrial units sold on a Long Lease

• Freehold strategic investment
• Within a popular and established industrial location
• Close to the Lincoln County Hospital
• Small parcel of strategic land to the East of Monks Way
• Freehold land containing 18 industrial units
• All units sold on a 999 year leases at a peppercorn rent
• Ideal strategic long term investment opportunity
• Image for illustration purposes only (refer to legal pack)
• Official Title Plan contained in the legal pack

VAT

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

Viewings

At anytime from Monks Way

Important Notices

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 a long lease for a term of 999 years from 28th May 1991 at a peppercorn rent

By continuing to browse this website you agree to our use of cookies

Accept