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2 bedroom property

Auction
Property
2 beds
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Investment Opportunity
  • 2 x Terraced Properties
  • Current Rental Income £9,520 per annum
  • Popular Residential Location
  • NIY 8.2% based on starting bid
TO BE SOLD VIA ONLINE AUCTION. Terms and conditions apply.

Pattinson Auction are pleased to offer to the market a unique opportunity to acquire two tenanted investment properties situated on the same street. Both two bedroom properties are currently let out on AST terms, with one tenant in occupation from 2015.

Please note that Pattinson Auction have not inspected these properties.

Rooms

Location
The subject properties are situated on Ripon Street within the town of Grimsby. They are well situated a residential area, but with close proximity to local amenities and Grimsby town centre. The properties are located 0.7 miles from Grimsby town centre, 34 miles south east of Hull and 70 miles east of Sheffield.

Accommodation
The subject properties occupy numbers 34 and69 on Ripon Street within Grimsby. Both addresses briefly comprise two bedrooms, spacious living room and good sized bathrooms. The properties are situated within a residential area and we have been advised that both properties are in good condition throughout.

Tenancy Details
Both properties are currently let on AST terms: 34 Ripon Street is let from April 2015 at £85 per week 69 Ripon Street was let in August 2021 at £425 per month Total rental income: £9,520 per annum

Tenure
34 Ripon Street: Freehold. Title number HS325392. 69 Ripon Street: Freehold. Title number HS287544.

Energy Performance Certificate
34 Ripon Street EPC Rating: F 69 Ripon Street EPC Rating: D Available upon request.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

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Area statistics

Crime score
High crime
10/10

About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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