DESCRIPTION:
Freehold, mixed use property. Formerly a restaurant, with accommodation above. Previously long standing rental income of circa £18,000 PA, generating a gross yield of circa 18% . Offering future potential subject to all consents. Total floor area circa, 500 square metres.
ACCOMMODATION:
Over four floors. Basement. Ground Floor; restaurant area, with large commercial kitchen. First floor; additional restaurant area with, WC’s. Second floor; living area, kitchen, five bedrooms.
Total floor area circa, 500 square metres.
LOCATION:
The town was named “Great Grimsby” to distinguish it from Little Grimsby, a village about 14 miles (23 km) to the south, near Louth. It had a population of 88,243 in the 2011 census and an estimated population of 88,323 in 2019. It forms a conurbation with adjoining Cleethorpes and the villages of Humberston, Scartho, Brigsley and Waltham. The 2011 census gave the conurbation a population of 134,160, making it the second largest built-up area in Humberside. It comes under the unitary authority of North East Lincolnshire. It is near the main terminus of the A180 at Cleethorpes.
VIEWING:
By appointment only.
TENURE:
Freehold.
AUCTION DATE:
Connect Realtime® Plus commencing at 11am Wednesday, 14th September.
The Lot is for sale via Traditional Auction. This is a timed auction, which requires both parties to complete the transaction within the completion date as per the auction legal pack. The buyer, is required to register, with Connect UK Auctions, in order to participate and will be required to go through, identification verification process. The auction Legal Pack, is available by request. You are required to complete your own due diligence prior to bidding. The Lot is subject to an undisclosed Reserve Price. The Reserve Price and Starting Bid being subject to change.
UNCONDITIONAL LOT:
Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the auction (unless otherwise stated).
