investment in DN35

Daubney Street, Cleethorpes, Lincolnshire, DN35 7NL

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Online auction

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

  • 2x self-contained apartments
  • Ideal investment opportunity
  • Spacious rooms
  • Ground floor let for £300pcm
  • Popular location
  • 2x long leasehold titles (99y from 1990)

investment in DN35

FOR SALE VIA ONLINE AUCTION: terms and conditions apply.

We are pleased to offer to auction this substantial mid-terraced house comprising of two self contained flats, located in the established residential area of Cleethorpes, close to local amenities and within a good proximity to both Grimsby and Cleethorpes' town centre. The ground floor flat comprises of a lounge, kitchen, dining room, bedroom, bathroom and rear garden. The first floor flat comprises of an entrance hall, lounge, kitchen, study, bedroom and bathroom. The flats have both been previously let and each producing £300 per calendar month, creating an excellent rental yield of approximately 7.5%.

All in all AN EXCELLENT INVESTMENT opportunity.

Please note that we have not inspected this property.

Summary

  • Property Type: Investment
  • Tenure: Leasehold
  • Parking: Allocated

Accommodation: Ground Floor Flat

Lounge
13' 3" x 11' 10" (4.04m x 3.6m)
This is a good size room as you enter the flat with a bow window to the front elevation. Feature fire surround with tiled inset and hearth. Attractive wall lights. Period coving to the ceiling.

Bedroom
7' 2" x 13' 5" (2.18m x 4.09m)
UPVC double glazed window to the rear elevation. Radiator. Laminate flooring.

Dining Room
12' 6" x 9' 9" (3.8m x 2.96m)
Bay window to the side elevation. Radiator.

Kitchen
12' 9" x 9' 7" (3.89m x 2.92m)
Fitted with a range of wall and base cabinets with contrasting work surfaces over and incorporating a single bowl sink unit. Built-in oven with gas hob over and extractor fan. Plumbing for washing machine. Window to the side elevation. Gas central heating Combi boiler.

Rear Lobby
9' 2" x 2' 8" (2.8m x 0.82m)

Bathroom
2.80m max x 2.05m - Bathroom is fitted with a panel bath pedestal wash handbasin and low flush WC. Tiling to the walls. Extractor fan. And UPVC double glaze window to the rear elevation

Rear Garden
The rear garden is low maintenance, mainly gravelled and with a feature pond. Timber fencing to the boundaries.

Accommodation: First Floor Flat

Entrance Hall
13' 2" x 5' 4" (4.02m x 1.63m)
A private entrance to the first floor accommodation. There is storage space under the stairs and also additional top cupboards providing ample storage space.

Landing
Access to the part boarded loft via the pull down ladders.

Lounge
15' 0" x 13' 4" (4.57m x 4.06m)
This is a great size room to the front with two uPVC double glazed windows. Radiator.

Kitchen
9' 5" x 9' 5" (2.87m x 2.87m)
UPVC double glazed window to the rear elevation. Wall and base cabinets with worksurfaces over and incorporating a stainless steel sink unit. Tiling to splash areas. Plumbing for washing machine and cooker point with extractor canopy above. Wall mounted gas central heating boiler. Radiator

Study/Dining Area
6' 7" x 6' 4" (2.01m x 1.92m)
This is a versatile space and would make an ideal study or dining area. UPVC double glazed window to side elevation and radiator.

Bedroom
13' 4" x 10' 4" (4.07m x 3.15m)
uPVC double glazed window to the rear elevation. Storage cupboard.

Bathroom
15' 0" x 13' 4" (4.57m x 4.06m)
Fitted with a white suite comprising: - Panel bath with shower over, low flush WC and wash hand basin. Tiling to splash areas. Storage cupboard. uPVC double glazed window to the side elevation.

Lease Details

The ground floor flat is let to a long term tenant for £300pcm. The first floor flat is currently vacant.

Tenure

72 Daubney Street: long leasehold title of 99 years from 5 April 1990. Title number HS196910.
72a Daubney Street: long leasehold title of 99 years from 5 April 1990. Title number HS189431.

Council Tax

Both flats are of council tax band A.

EPC

Both available upon request (ratings D).

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.

Floor plan

Floor plan

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: 

£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 £750,001 - £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. 

There is no legal pack for this property.

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