FOR SALE by ONLINE AUCTION on WEDNESDAY, 24th JULY 2024, at 1:00 pm - REDUCED GUIDE PRICE £50,000 - £55,000 A two-bedroom mid-terrace house providing an excellent investment opportunity with a current gross income of £5,720 p.a.

Offered to market as an oven-ready investment, this spacious and well-presented mid-terrace house is located within a well-established area of Grimsby Town Centre and boasts ease of access to the vast range of nearby amenities. Benefiting from uPVC double glazing and gas central heating, this property briefly comprises an entrance hall, two reception rooms, a kitchen, a rear lobby, a landing, two bedrooms, and a bathroom. Externally, there are gardens to the front and 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

Situated just a stone's throw from Grimsby Town Centre, this property offers unparalleled convenience. Enjoy easy access to a multitude of amenities including shops, restaurants, and entertainment options. Public transportation is readily available with nearby bus and train stations, making commuting a breeze.

Accommodation

Lounge 3.33m X 3.47m Sitting Room 3.46m X 3.52m Kitchen 1.81m X 4.64m Rear Lobby 1.82m X 0.92m Bathroom 1.82m X 1.86m Bedroom 1 3.50m X 3.22m Bedroom 2 3.53m X 3.50m

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.