FOR SALE by ONLINE AUCTION on WEDNESDAY, 24th JULY 2024, at 1:00 pm - REDUCED GUIDE PRICE £55,000 - £60,000 A two-bedroom mid-terrace house providing an excellent investment opportunity that currently generates a gross income of £5,720 p.a.

Offered to market with a tenant in situ, this spacious and well-presented mid-terrace house is located within a well-established area of Grimsby Town Centre and boasts easy access to the vast range of nearby amenities. Benefiting from uPVC double glazing and gas central heating, this property briefly comprises an entrance hall, a lounge/diner, a kitchen, a snug, a landing, two bedrooms, and a bathroom. Externally, there is a garden to the rear. Currently LET on an assured shorthold tenancy producing £5,720pa, it is an ideal investment opportunity for a Buy-to-Let investor.

Tenure

Freehold

Location

The property is located on Crescent Street. Shopping amenities are available locally within Grimsby with a further range of shops, bars and restaurants found in Lincoln Town Centre lying to the south. Public transport links are available at Grimsby Town Rail Station located to the south east and at Great Coates Rail Station lying to the north west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A180 located to the north and the A16 lying to the east. Recreational pursuits can be found at People’s Park located to the south.

Accommodation

Lounge Diner 7.79m X 3.23m Kitchen 2.39m X 4.52m Snug 2.31m X 2.45m Bedroom 1 4.27m X 3.62m Bedroom 2 4.03m X 2.31m Bathroom 2.46m X 3.12m

Tenure

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

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.

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 property is shown in the Council Tax Property Bandings List in Valuation Band A

Solicitors

Squire Patton Boggs (UK) LLP, katie.norris@squirepb.com, Ref: Katie Norris, 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.