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Lot 10 - 99 - 103 Cambridge Street, & 79 St. Peters Avenue, Cleethorpes, South Humberside, DN35 8HD

Guide Price* £120,000

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Property Type
Mixed Use
Tenure
Freehold
Type
Commercial
Bidder Security Deposit
£3,500*

Property Summary

  • On the instructions of the Joint Fixed Charge Receivers
  • Freehold mixed-use building
  • Ground floor retail unit trading as Premier Express convenience store
  • First floor arranged as 3 x self-contained studio flats
  • Believed to be occupied albeit, terms unknown

Freehold mixed-use building occupied under unknown terms

Description

The property comprises a two-storey corner building arranged as a ground floor retail unit with separate access from Cambridge Street to three x studio flats arranged over the first floor.

Location

Cleethorpes is located in north-east Lincolnshire situated on the estuary of the River Humber approximately one mile south-east of Grimsby and 29 miles east of Scunthorpe. The property is situated on the southern side of Cleethorpes town centre, on the south side of Cambridge Street at the junction with St Peter’s Avenue in a mixed-use area. Local bus services are available nearby as well as rail connections at Cleethorpes railway station.

Tenancy Schedule

Floor Use Sq.m Sq.ft
Ground Retail 102.37 1,102
First Residential 3 x studio flats
The floor area has been taken from the VOA website.

Note

The Auctioneers have not been able to internally inspect the property. We understand the property is occupied under unknown terms. The purchaser will be responsible to regularise any leases, tenancies or occupancies that may exist at the property upon completion. Please refer to the legal pack for further information.

EPC Rating

Retail - Rating TBA
Residential -
Flat A – Rating TBA
Flat B – Rating TBA
Flat C – Rating TBA

VAT

Please refer to the legal documentation in this regard.

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).

Please note that Lots may be sold or withdrawn prior to auction.

Any information provided by SW Property Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as facts. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against SW Property Auctions or the seller.

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

Property Map

Office Contact

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Oliver Childs
07732 681 150
Sanderson Weatherall,
4th Floor,
87-88 Bartholomew Close,
London,
EC1A 7BL

Joint Agent

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Sanderson Weatherall
Carl Bradley
01482 645 522

Vendors Solicitor

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Lester Aldridge
Yasmin Curry
023 8082 7477

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