Detached House
DRAFT DETAILS
For sale by auction - Tuesday 6 October 2015
At the Best Western Bentley Hotel, Newark Road, South Hykeham, Lincoln, LN6 9NH
Commencing at 11.30am
Freehold chip shop with flat above
Currently let achieving £6000 per annum with potential to increase to £10,800
Busy location in and within a large residential catchment area
EPC Rating: F
Fish and chip shop on this busy section of Cleethorpe Road, Grimsby with accommodation above, situated amongst a variety of retail and takeaway premises, currently let on a 5 year lease at £6,000 per annum with potential to increase to £10,800 per annum upon completion of flat renovation. Ideal investment opportunity.
*Please note that the fixtures and fitting in the shop are included in the sale.
The Auctioneers have not inspected the accommodation but believe it to comprise:
Fish and chip shop to the ground floor with large store to rear and covered loading bay with roller shutter door access and flat above, which we believe has been partly renovated.
The approximate floor areas are as follows:
Ground Floor: 1,263 sq ft
Mid-level floor area: 163 sq ft
First Floor: 554 sq ft
Tenure
Freehold. Subject to tenancy.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
Viewings
By appointment with the auctioneers - 0115 958 8702.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary.
