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Lot 2 - 132 Daubney Street, Cleethorpes, North East Lincolnshire, DN35 7NU

Guide Price* £1,500

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Tenure
Freehold
Type
Residential
Bidder Security Deposit
£500*

Property Summary

  • On the instructions of the Administrator at CRG Insolvency & Financial Recovery
  • Freehold Ground Rents
  • Secured upon 2 self-contained flats
  • Investment producing £100.00 per annum (rising)

Freehold ground rents secured upon 2 self-contained flats. Ground Rent Investment producing £100.00 per annum (rising).

Description

A two-storey corner building divided into two self-contained flats located within a mainly residential catchment area.

Location

Situated on the corner with Daubney Street and Clerke Street, which is located northwest of the seaside town of Cleethorpes town centre. Public transport includes North Clee and Grimsby Docks railway stations. Shopping and recreation facilities can be found nearby.

Lease Terms

Address Lease Term Effective from Ground Rent (p.a.)
132a Daubney Street, Cleethorpes DN35 7NU 199 years 1/9/2008 £50.00 (rising)
132b Daubney Street, Cleethorpes DN35 7NU 199 years 1/9/2008 £50.00 (rising)
Total ground rent payable £100.00 per annum (rising)

Note

The Buyer's Administration Fee on this lot will be reduced to £500 + VAT (£600) and not as mentioned in the Disclaimer paragraph below

VAT

Please refer to the legal documents

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of SW Property Auctions or the seller.

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Documents

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