Retail in PE11

Station Street, Spalding, Lincolnshire, PE11 1EB

Brochure

Tenure: Unknown

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Starting bid£175,000

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Key Information

Parking: None

Property features

Vacant Commercial Premises With Tenanted Flats
Property split between ground floor retail, and First/Second floor 2 No Bedsit/Flats (Both Flats Let Separately)
Freehold Property
Investment Opportunity
Commercial/Residential Investment Property
Ground Floor Net Internal Floor Area Approximately 47.7² (513ft2)
Public Car Parking Nearby
Viewing Highly Recommended

Retail in PE11

For Sale Via Online Auction. Fees Apply.

Ground Floor Retail/Office Unit and 2 No Bedsit/Flats.

LOCATION
The property is situated in a good secondary trading location just off the Sheep Market in the town centre of Spalding,
and positioned on the main shopping route leading to Winsover Road. Public car parking is available a short distance
away in the Sheep Market and nearby Victoria Street car parks. The property lies within the Spalding Conservation Area.

Spalding is a market town with a population of approximately 30,500 which has weekly markets on Tuesdays and
Saturdays. The town is located with easy access via the A16 through to Peterborough to the south, together with
connections to the A1, and the A17 to the north and Boston. Spalding enjoys a rail connection service to
Peterborough from whence main line connections to London King’s Cross are readily available (minimum journey time 49 minutes).

DESCRIPTION
The property comprises of ground floor retail accommodation (approximately 8.07m deep and approximately 3.63m wide max.), with further storage and ancillary accommodation at the rear. 2 No. flats with separate access door off Station Street are located on the first and second floors.

INVESTMENT DETAILS
The property is For Sale as a whole, with the retail area presently unoccupied, and Flat 1 and Flat 2 both Let.

21A STATION STREET, SPALDING (FIRST FLOOR) FLAT – CURRENTLY LET ON APT
Ground floor entrance door shared with Flat 21B with stairs leading to a communal landing area, with Flat comprising
Lounge/Bedroom, Kitchen, Shower room with shower, wash hand basin and WC. All being located on the first floor.
Current Rent Passing: £392 pcm. APT Date: 3 June 2019

21B STATION STREET, SPALDING (SECOND FLOOR) FLAT – CURRENTLY LET ON APT
Ground floor entrance door shared with Flat 21A, with stairs leading to a communal landing area, stairs up to 2nd floor
flat comprising Lounge/Bedroom and kitchen, and bathroom with bath, wash hand basin and WC.
Current Rent Passing: £450 pcm. APT Date: 5Oct 2021

ACCOMMODATION
GROUND FLOOR 21 STATION STREET (RETAIL)

FRONT SHOP/OFFICE: 8.07m deep x approximately 3.63m wide, plus understairs cupboard. Laminate
flooring, pendant lights.

REAR STOCKROOM: 2.92m (maximum) x 4.49m (maximum), skylight, vinyl flooring, part tiled walls, fluorescent lights.

KITCHEN: 1.82m x 2.75m, concrete floor, pendant light, stainless steel sink with drainer, hotwater tap.
REAR LOBBY: Wash hand basin and electric water heater.
SEPARATE WC: Low level WC, wash hand basin
EPC Rating: D

SEPARATE ENTRANCE LOBBY TO:

21A STATION STREET, SPALDING (FIRST FLOOR) FLAT

LOUNGE/BEDROOM: 4.28m x 4.59m, two windows to front aspect, feature fireplace, carpet. Radiator.
KITCHEN: 3.75m x 2.70m, ceramic sink/drainer with underneath cupboard. Further range of
base and wall fitted cupboards, tiled walling, vinyl flooring, radiator. Gas Boiler. Window to rear aspect.

SHOWER ROOM: 1.87m x 1.69m, shower cubicle with electric shower, wash hand basin and WC.
21B STATION STREET, SPALDING (SECOND FLOOR) FLAT

LOUNGE/BEDROOM: 4.29m x 4.55m, two windows to front aspect, built in cupboards, carpet. Radiator.
KITCHEN: 3.80m x 2.75m, stainless steel sink/drainer with underneath cupboard. Further range
of base cupboards, part tiled walling, vinyl flooring, radiator. Gas Boiler. Window to rear aspect.
BATHROOM: 1.57m x 2.75m, bath, wash hand basin and WC. Radiator and electric wall heater.
(Located on First Floor)
Both flats share a communal hallway and staircase and have separate electric meters.

TENURE Freehold – Subject to existing tenancy agreements.
SERVICES Mains water, electricity, gas and drainage. Separate supplies for the ground / upper parts.

LOCAL AUTHORITIES
South Holland District Council Priory Road, Spalding, Lincs. PE11 2XE CALL: 01775 761161
Anglian Water Customer Services PO Box 10642, Harlow, Essex, CM20 9HA CALL: 08457 919155
Lincolnshire County Council County Offices, Newland, Lincoln LN1 1YL CALL: 01522 552222

Description

The property comprises of ground floor retail accommodation (approximately 8.07m deep and approximately 3.63m wide max.), with further storage and ancillary accommodation at the rear. 2 No. flats with separate access door off Station Street are located on the first and second floors.

Location

The property is situated in a good secondary trading location just off the Sheep Market in the town centre of Spalding, and positioned on the main shopping route leading to Winsover Road.

EPC's

D & C Ratings

Tenure

Freehold - Title number LL321460

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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