Residential Portfolio in NG31

Gladstone Terrace, Grantham, Lincolnshire, NG31 8BW

Bid now

Online auction

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

Residential Portfolio in NG31

*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer to auction 3 Gladstone Terrace. It is comprised of three self contained apartments within a substantial period house and represents an ideal investment opportunity with anticipated annual income potential in the region of £18,000. The accommodations are arranged over four floors with each apartment having independent access.




Please note we have not inspected this property.

Summary

  • Property Type: Residential Portfolio
  • Tenure: Freehold
  • Parking: None

Location

The subject property is very close to The King's School, bus stops and supermarkets Asda and Lidl. It is also within easy walking distance of the town centre. Travel connections in the area are excellent - the A1 passes to the west of the town providing access to major commuter areas and the A52 crosses through taking you east to Boston and west to Nottingham. Grantham station is on the East Coast mainline giving direct services to London Kings Cross with a journey time from around 70 minutes, Newark in 10 mins and Peterborough in 20 mins. Cross country service to Nottingham in just 30 mins.

Accommodation

Flat 3 comprises the two upper floors giving a kitchen, living room, WC, two double bedrooms a bathroom and washroom. Flat 3a includes an entrance hall, living room, kitchen, two double bedrooms and a bathroom. The basement flat 3b comprises a living room, kitchen, double bedroom and bathroom.

Tenure

Freehold - Title number LL196457

EPC

All flats have their own EPC rating. Flat 3 (Rating D). Flat 3a (Rating C). Flat D (Rating D).

Council Tax

All flats are in Band A

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.

First & Second Floor

First & Second Floor

Middle Floor

Middle Floor

Basement

Basement

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.  

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 £750,001 - £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. 

More Information is available:

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

 

Please login to view legal packs for this property.