retail in PE25

Drummond Road, Skegness, Lincolnshire, PE25 3EH

Starting Bid
£40,000
Time left:
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Online auction

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Freehold and business for sale
  • Ground floor A1 retail unit
  • Established hairdressing business
  • Fixtures, fittings and client base included
  • Fully fitted with modern decor
  • NIA 23.4sqm (252sqft)

retail in PE25

FOR SALE BY AUCTION: terms and conditions apply.

We are pleased to offer to auction the business and freehold of this ground floor hairdressing premises, located along Drummond Road within the heart of the seaside resort of Skegness. An established hairdressing business is successfully running from the property; all fixtures, fittings, equipment, client data base, goodwill interest, a copy of the accounts and inventory are available to genuine party upon request and will be included in the sale. The accommodation is set out over the ground the floor of a split mid-terrace property and comprises three basins and works stations, stock room and W.C., and is tastefully fitted and decorated.

Please note that we have not inspected this property.

Summary

  • Property Type: Retail
  • Tenure: Freehold
  • Parking: On Street

Location

The property is situated on the mixed use thoroughfare of Drummond Road, directly opposite The Royal Hotel and within close proximity to the busy town centre and seaside resorts, amenities and attractions. Close by occupiers include St Barnardo's Charity Shop and Spar supermarket, as well as various hotels, guesthouses and local traders, within walking distance of the main shopping location of Lumley Road with national high street occupiers. Skegness is a popular seaside town, situated within the civil parish of East Lindsey district of Lincolnshire on the Lincolnshire coast, famous for its glorious sandy beaches and attractions. The approximate population is 19,579. Neighbouring resorts include Ingoldlmells, Mablethorpe, Trusthorpe and Sutton On Sea; access routes include the A52, A16 and A158.

Accommodation

GROUND FLOOR
Salon/sales area: 189sqft (17.5sqm)
Stock Rroom: 40sqft (3.7sqm)
Lobby: 23sqft (2.08sqm)
W.C.

NIA 252sqft (23.4sqm)

Tenure

Freehold. Title number LL55238.

Rateable Value

The adopted rateable value is £3,450 as of 1st April 2019.
Sourced from VOA.

EPC

Available upon request.

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

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 £5,000 + VAT (£6,000 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 auction@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.  

At the point of registration, you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within three business days.  If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the outstanding balance (if applicable) at which point you can opt to use the same card.  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 for 10 minutes. After 10 minutes without a bid, 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. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. 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: 
Up to £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 £1 million - £2,000 minimum bid 
£1 million+ -  £2,500 minimum bid 

Please note this bidding process applies specifically to online auctions. 

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