FOR SALE by ONLINE AUCTION on WEDNESDAY, 24th JULY 2024, at 1:00 pm - REDUCED GUIDE PRICE £30,000 - £35,000 A one-bedroom ground floor flat with tenant in situ providing an excellent investment opportunity producing £4,680 pa gross.

This ideal BTL investment opportunity is currently let to a longstanding tenant on an assured shorthold tenancy producing £4,680 per annum. The property benefits from uPVC double glazing, gas central heating and is well presented throughout. The accommodation comprises an entrance hall, lounge, kitchen, bathroom, bedroom and large walk-in store room. Externally there is a garden/outside space to the front of the property.

Tenure

Leasehold

Location

Hainton Avenue and is an extremely convenient position for a plethora of amenities and is extremely popular with young families. There is a Lidl supermarket that is only a 5 minute drive away as well as a large Asda supermarket which is only 5 minutes in the opposite direction, making it convenient for shopping. A doctors surgery, 'Weelsby Medical Centre' is only 5 minutes away and the popular 'Weelsby Woods' is only a short 15 minute walk away. The coastal resort of Cleethorpes is only a short 10 minute drive away, providing easy access to the bistro and cafe culture as well as the many boutique shops, supermarkets and attractions the resort affords. The Town Centre of Grimsby is also only a 5 minute drive, with its many shops, transport links and amenities.

Tenure

Leasehold. Please refer to the legal pack for full details. Possession is subject to the terms of the existing assured shorthold tenancy.

Accommodation

Lounge 4.89m X 4.16m , Kitchen 3.56m X 2.02m , Bedroom 4.14m X 3.58m , Bathroom 1.29m X 2.48m.

Services

Mains water, electricity, gas & drainage are believed to be connected. None of the services have been tested.

Viewings

Strictly by appointment with the auctioneers on 0845 400 9900 and subject to availability of the tenant with ample prior notice

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 22nd July 2024 and closing on Wednesday 24th July at 1.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.

Conditions of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Online Bidding Information

If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Council Tax is payable to the North East Lincolnshire Council. The flats are shown in the Council Tax Property Bandings List in Valuation Band A.

Solicitors

Squire Patton Boggs (UK) LLP, katie.norris@squirepb.com, Tel: 01212 223393

Additional Fees

Administration Charge - The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) and a buyer’s premium of 1.2% of the hammer price (1% plus VAT) subject to a minimum of £900 (£750 + VAT) in addition to the purchase price of the property.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.