Retail in PE23
High Street, Spilsby, Lincolnshire, PE23 5JH
Online auction
Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk
- Mixed commercial residential letting opportunity
- 4 retail units
- 3 x one bedrooms flats over 3 floors
- Centre of popular market town
- Freehold
Retail in PE23
*For sale via secure sale online bidding: terms and conditions apply.*
We are pleased to offer to auction 'The Franklin Centre', an opportunity to acquire a mixed commercial residential letting opportunity in the centre of this popular market town on the edge of the Lincolnshire Wolds comprising a parade of 4 retail units off a central passage together with 3 x one bedrooms flats over 3 floors.
Please note we have not inspected this property.
Summary
- Property Type: Retail
- Parking: None
Location
The Franklin Centre is found along the High Street at Spilsby. Spilsby is a market town situated in the Lincolnshire Wolds approximately 12 miles from the coastal resort of Skegness, approximately 17 miles north of the port town of Boston and 32 miles east of the city of Lincoln. The town has primary and secondary schools, a range of local shops including bakers, greengrocers & newsagents, supermarkets, doctor’s surgery, dentists and a range of pubs and restaurants. It is on the Skegness to Lincoln and Mablethorpe to Boston bus routes and holds a weekly market on a Monday. There are a number of club and societies for all ages.
Accommodation - Shop
Retail Premises:
The Franklin Centre consists of 4 retail units off a central passage with a herringbone tiled floor and
panelled ceiling.
Units 1 & 2
24'9 x 10' (7.54m x 3.05m)
Presently used as a salon which has two defined areas with laminate effect floor throughout, 2 bespoke hair washing sinks with cupboards to the side each with electric water heaters, 2 wall mounted hairdryers and 3 hair styling mirrors with worksurface and assorted chairs.
The Kiosk
12'7" x 3'9" (3.84m x 1.14m )
Being a glazed display and retail unit with 4 single glazed windows under a tiled display roof.
Unit 3
21'7" x 19'6" / 6'7" (6.58m x 5.94m / 2.01m )
Presently used as a sports injury treatment room. Having light and power, laminate effect floor.
Kitchen
5'3" x 5' (1.60m x 1.52m)
With wall and base units, stainless steel single drainer sink with mixer tap. Door to:
Rear Covered Area
6'8" x 4'8" (2.03m x 1.42m)
With polycarbonate roof.
Unit 4
12'4" x 10' (3.76m x 3.05m)
Being a retail sales unit with laminate effect floor, single glazed window and door, light and power,
spotlights.
Recessed Kitchen
4'1" x 3'2" (1.24m x 0.97m)
With stainless steel single drainer sink with mixer tap, wall and base units.
Unit 7
13'2" x 6'3" (4.01m x 1.91m)
Retail unit with single glazed display windows and door, single glazed rear window, light and power.
Display Area
10'10" x 3'6" (3.30m x 1.07m )
With 3 single glazed display windows, 2 inset spotlights, light and power.
Accommodation
Ground Floor Flat
With single glazed door off the passage opening into:
Entrance Lobby
Kitchen
10'2" x 9'9" max (3.10m x 2.97m max )
With wall and base units, worksurface with stainless steel single drainer sink, storage heater, space for
electric cooker with hood over, space and plumbing for washing machine, 2 single glazed windows,
exterior door to rear passageway.
Bathroom
8'8" x 5' (2.64m x 1.52m)
Comprising bath with electric shower over, wc, wash hand basin, heated towel rail, extractor fan.
Lounge
16' x 11'1" (4.88m x 3.38m)
With storage heater, Upvc double glazed window to rear, TV point.
Bedroom
10' x 9'8" (3.05m x 2.95m)
Upvc double glazed window to rear, storage heater.
First & Second Floor Flats
Both have a single access off the ground floor passage with stairs leading to the first floor landing with fire escape door giving emergency access over the single storey roof to the rear.
Cloakroom
7'3" x 5' (2.21m x 1.52m)
Specifically for the use of the ground floor shop units having a wc, wash hand basin, tiling to 3 walls.
Accommodation - Flat 1
Flat 1:
With door into:
Entrance Hall
Lounge
14'8" x 12'4" (4.47m x 3.76m)
With Upvc double glazed front window, storage heater, archway to:
Kitchen
8' x 6'5" max (2.44m x 1.96m max )
Having wall and base units, worksurface with stainless steel single drainer sink, space for electric
cooker, splash-back tiling, door to:
Shower Room
8' x 4' (2.44m x 1.22m)
Equipped with a shower cubicle with electric shower, wash hand basin, wc, electric fan heater, Upvc
double glazed rear window.
Bedroom
11'3" x 8'7" (3.43m x 2.62m )
Having Upvc double glazed front window, storage heater.
Accommodation - Flat 2
Second Floor Landing
Flat 2:-
With door into:
Entrance Hall
Bedroom
11'7" x 9'5" (3.53m x 2.87m)
With Upvc double glazed front window.
Lounge
14'10" x 11'10" max (4.52m x 3.61m max)
Upvc double glazed front window, storage heater, TV point.
Kitchen
11' x 6'7" (3.35m x 2.01m )
With wall and base units, worksurface with stainless steel single drainer sink, space for washing
machine, Upvc double glazed rear window.
Bathroom
7'6" x 4'10" (2.29m x 1.47m)
Having bath, wc, wash hand basin, Upvc double glazed window.
Tenure
Freehoold: Title number LL94254.
Rateable Value
Units 1 & 2 - Rateable Value £4,250.
Unit 7 - Rateable Value £1,975.
Unit 4 - Rateable Value £ 2,750.
Unit 3 - Rateable Value £2,375.
EPC
EPC Rating C. 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 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.
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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.
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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
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