This property is no longer on the market
5 bedroom detached house
Key information
Property description & features
- Tenure: Freehold
- FOR SALE BY AUCTION
- Freehold
- Detached
- Circa 383 Square Metres / 4,122.58 Square Feet
- Generating Circa £18,000 per year (50% Occupied)
- Generating Circa 12% Gross Yield (50% Occupied)
- 89A Currently producing £700 pcm / £8,400 per year
- 89B Currently producing £800 pcm / £9,600 per year
- 89B Residential Spaces - Vacant Possession
- Off Road Parking
Freehold Detached Property. Circa 383 Square Metres / 4,122.58 Square Feet. Generating Circa £18,000 per year / 12% Gross Yield (50% Occupied). Perfect for Investors. Currently Storage or Distribution, Top Floor Flat and Residential Spaces. Off Road Parking. Excellent Location. Development Opportunity subject to all necessary consents.
ACCOMMODATION:
89A: Storage or Distribution. Circa 125 Square Metres / 1345.49 Square Feet.
Currently producing £700 pcm / £8,400 per year.
89B: Top Floor Flat. Circa 122 Square Metres / 1313.2 Square Feet.
Reception Room, Kitchen/Diner, Three Bedrooms, Two Bathrooms.
Currently producing £800 pcm / £9,600 per year.
89B: Residential Spaces. Circa 136 Square Metres / 1463.89 Square Feet.
Vacant Possession.
Outside: Off Road Parking, Front Garden.
LOCATION:
Mablethorpe is a seaside town in the East Lindsey district of Lincolnshire, England, part of the civil parish of Mablethorpe and Sutton. The town was visited regularly by Alfred, Lord Tennyson, a 19th-century Poet Laureate of the United Kingdom. Some town features have been named after him, such as Tennyson Road and the now closed Tennyson High School.
VIEWINGS:
By appointment only
TENURE:
Freehold.
AUCTION DATE:
Connect Realtime® Bidding commences at 12pm with closing bids at 1pm, Wednesday 15th November 2023.
The Lot is for sale via Traditional Auction. This is a timed auction, which requires both parties to complete the transaction within the completion date as per the auction legal pack. The buyer, is required to register, with Connect UK Auctions, in order to participate and will be required to go through, identification verification process. The auction Legal Pack, is available by request. You are required to complete your own due diligence prior to bidding. The Lot is subject to an undisclosed Reserve Price. The Reserve Price and Starting Bid being subject to change.
UNCONDITIONAL LOT:
Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the day of auction (unless otherwise stated in the legal pack).
Places of interest
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*DISCLAIMER
Property reference CCM-42573500. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Connect UK Auctions - Crawley.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on July 28, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on July 28, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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