Property description
DDM PROPERTY AUCTION : For sale by Modern Method of Auction: Starting Bid Price £60,000 plus reservation fee. INVESTOR OPPORTUNITY. A mid terrace property comprising cafe and flat situated in a popular area close to shops, schools and bus routes. The cafe is currently tenanted with two years remaining on the lease and the flat comprises lounge, kitchen, bedroom, bathroom and loft room.
This property is for sale by DDM Property Auction powered by iam-sold Ltd.
AUCTIONEER'S COMMENTSThis property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by DDM Property Auction powered by iam-sold Ltd.
TO VIEW OR MAKE A BID – Contact DDM Residential on 01472 358 671 or visit: www.northlincolnshirepropertyauction.co.ukRETAIL AREA
Currently used as a cafe with two years left on the lease and comprising:
CAFE - 17' 3'' x 28' 2'' (5.25m x 8.58m)
Window and door to the front aspect with roller shutters, counter top, laminate flooring, understairs storage area, two radiators, dado rail, corner cupboard housing electric meter.
KITCHEN - 14' 7'' x 9' 8'' (4.44m x 2.95m)
Vinyl flooring, uPVC double glazed window overlooking the lean-to, space for range style cooker, aluminium shelving and door to stairs.
LOBBY - 6' 5'' x 5' 10'' (1.96m x 1.78m)
uPVC double glazed window to the side aspect, coving, work top, wash hand basin and door with wrought iron gate to lean-to.
LEAN-TO - 28' 1'' x 6' 8'' (8.56m x 2.04m)
Doors with wrought iron gates to shop and rear aspect, tiling, brick and render sides with wicker fronts, tiled floor, door to:
TOILET - 4' 10'' x 5' 5'' (1.47m x 1.64m) and 9' 0'' x 2' 6'' (2.75m x 0.77m)
Pedestal wash hand basin, wc, tiled floor, tiled walls.
FLAT
Comprising:
LANDING
Loft access, stairs to further level, store room and three steps down to:
LOUNGE - 17' 5'' x 14' 7'' (5.31m x 4.44m)
uPVC window to the front aspect, radiator, dado rail, coving.
BEDROOM - 10' 2'' x 11' 1'' (3.11m x 3.39m)
uPVC double glazed window to the rear aspect, walk in storage area, radiator, coving to textured ceiling.
KITCHEN - 11' 8'' x 6' 7'' (3.55m x 2.00m)
Tiled floor, cupboard housing central heating boiler, uPVC double glazed window to the side aspect, coving to textured ceiling, range of base and wall mounted units with roll over work surfaces, complementary splashback tiling, stainless steel sink and drainer.
BATHROOM - 9' 7'' x 6' 6'' (2.91m x 1.98m)
Laminate flooring, uPVC double glazed window to the rear aspect, low flush wc, pedestal wash hand basin, bath, tiled walls, textured ceiling, radiator.
LOFT SPACE - 15' 10'' max x 11' 9'' max (4.82m max x max 3.58m)
Currently used as a bedroom with laminate flooring, radiator, access to eaves storage and Velux style window.
Property Features :
- INVESTOR OPPORTUNITY
- Mid terrace property
- Tenanted cafe with two years remaining on the lease
- Flat with lounge, kitchen, bedroom, bathroom & loft room
- Popular area close to shops, schools & bus routes