investment in DN32

Park Street, Grimsby, Grimsby, Lincolnshire, DN32 7QU

Current Bid
Starting Bid £130,000
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  • Investment Opportunity
  • Four One-Bedroom Flats
  • All Flats Currently LET
  • Producing £19,500 Rent Per Annum
  • Town Centre Location
  • Freehold Title

investment in DN32

FOR SALE BY ONLINE AUCTION: terms and conditions apply.

We are pleased to offer to the market this substantial end-terrace property which has been sympathetically converted into four separate apartments, all let and generating £19,500 rent per annum making it an ideal investment opportunity. This property is well located in an established residential area, positioned well for easy access to local amenities. The property benefits from uPVC double glazing throughout and gas central heating. The building consists of two flats to the ground floor and two flats to the first floor. The communal areas are spacious and well kept and the external grounds are low maintenance with a resident parking area to the rear. EPC's for each apartments can be provided on request.

Please note that we have not inspected this site.


  • Property Type: Investment
  • Parking: Off Street


The subject property is well located along Park Street, Grimsby. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 3.8 miles from Grimsby town centre.


Flat 1 is located on the ground floor towards the front of the property and comprising; lounge with kitchenette, 1 bedroom and shower room.
Room Measurements: Lounge:5.55m X 3.94m Bedroom: 3.05m X 3.25m Shower Room: 2.40m X 1.00m. (NIA 34.18 sqm). EPC RATING: C 69

Flat 2 is located on the ground floor towards the rear of the property and comprising; lounge with kitchenette, 1 bedroom and shower room.
Room Measurements: Lounge: 4.83m X 4.39m Bedroom: 3.65m X 4.38m Shower Room: 1.35m X 4.30m. (NIA 42.99 sqm). EPC RATING: C 70

Flat 3 is located on the first floor towards the front of the property and comprising; lounge with kitchenette, 1 bedroom and shower room.
Room Measurements: Lounge: 3.99m X 5.29m Bedroom: 3.23m X 3.52m Shower Room: 2.20m X 1.56m. (NIA 35.9 sqm). EPC RATING: D 59

Flat 4 is located on the first floor towards the rear of the property and comprising; lounge with kitchenette, 1 bedroom and shower room.
Room Measurements: Lounge: 4.83m X 4.39m Bedroom: 3.65m X 4.38m Shower Room: 1.35m X 4.30m. (NIA 43 sqm). EPC RATING: D 58

Communal Areas - The property has two access points, one at the rear which provides access to Flat 2 and then an additional access point at the front elevation which provides access to Flat 1. Stairs lead to the first floor where there is a walk-in store room and a laundry room which houses the boiler. Flat 3 is located towards the front of the property and flat 4 towards the rear.

Outside - Externally the grounds are low maintenance and the rear garden has been converted into resident off-road parking.

Tenancy Information

All flats are tenanted on a rolling basis generating an income of £19,500 per annum.


Freehold. Title Number: HS209671


Available upon request.

Council Tax

All flats are council tax band A

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on 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.

Floor plan

Floor plan

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



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.



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


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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