Property description
DDM PROPERTY AUCTION : For sale by Modern Method of Auction: Starting Bid Price £130,000 plus reservation fee.
NEW Due to expansion the current owners are relocating and DDM Auctions are proud to bring to market a mid-terrace shop briefly comprising of shop front, sales/service area, office and store room, to the first floor there is a further office, store room, kitchen, shower room and thermal store hot water boiler room, to the rear of the property is a warehouse split into multiple rooms, also having bi-fold doors for larger vehicle access.
This excellent business opportunity is on a busy high street, and offers state of the art services having being fully modernised throughout to a very high spec, with the added bonus of underfloor heating and camera surveillance.
The shop and warehouse are under one Title and the water and electric are on one meter at the moment, but there are two different meters in place and it could be split if the new owner wishes to rent one part out and run a smaller establishment.
NOTE: There is a possibility that the premises above the shop could be converted into living accommodation, subject to the necessary planning permission being granted.
This property is for sale by DDM Property Auction powered by iam-sold Ltd.
AUCTIONEER\‘S COMMENTS
This 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 01652 66116 or visit: www.northlincolnshirepropertyauction.co.uk
Entrance via timber glazed door into:
SHOP FRONT/SHOWROOM - 16\‘ 5\‘\‘ x 26\‘ 11\‘\‘ (4.992m x 8.204m)
With double glazed shop windows onto the front looking onto the hustle and bustle of the main street, one step up into the showroom itself and passageway leading through into sales/service area and onto downstairs office, also having under stairs storage, carpeted throughout, underfloor heating, spotlights and LED downlights, insulated walls, Valiant air to air heating/air conditioning unit and roller shutter.
SALES/SERVICE AREA - 10\‘ 5\‘\‘ x 10\‘ 4\‘\‘ (3.178m x 3.142m)
With LED downlights, carpeted throughout, underfloor heating, cameras, leading through into office and looking into showroom, also having stairs to first floor, sales counter, computer and telephone points, intercom to warehouse door and ability to open warehouse door electronically.
OFFICE - 11\‘ 2\‘\‘ x 10\‘ 8\‘\‘ (3.406m x 3.252m)
With door to rear storage room, carpeted throughout, underfloor heating, points for computers and telephones, security door to:
GROUND FLOOR STORE ROOM - 10\‘ 8\‘\‘ x 6\‘ 9\‘\‘ (3.261m x 2.050m)
With door to outside courtyard leading to the warehouse, carpeted throughout and security door to outside.
STAIRS
Stairs to first floor with hand rail up the right hand side.
LANDING
With fire doors to office, kitchen/sitting area, store room, shower room and door to thermal store hot water boiler room.
OFFICE - 14\‘ 2\‘\‘ x 8\‘ 3\‘\‘ (4.317m x 2.502m)
With double glazed timber framed window to the front elevation, radiator under, re-plastered and boarded throughout, carpeted, LED downlights, a range of shelving, cupboard space and fitted desks in an oak finish, with internet, telephone and plug sockets available.
FIRST FLOOR STORE ROOM - 26\‘ 2\‘\‘ x 12\‘ 2\‘\‘ (7.978m x 3.721m max)
L-shaped room with double glazed timber framed window to the front elevation, two radiators,, re-plastered and boarded, carpeted, strip lighting.
KITCHEN/STAFF ROOM - 10\‘ 7\‘\‘ x 10\‘ 5\‘\‘ (3.235m x 3.180m)
Vinyl flooring in a tiled effect, a range of wall and base units with rollover work surface, stainless steel sink and drainer with mixer tap, oven/grill, space for under-counter fridge, radiator and loft access, wooden double glazed window and heat recovery unit (fitted but not commissioned).
SHOWER ROOM - 7\‘ 6\‘\‘ x 6\‘ 10\‘\‘ (2.276m x 2.085m)
L-shaped room with low flush WC, wall mounted basin with mixer tap and splashback tiling, base for shower cubicle is in place but the shower cubicle is not, LED downlights.
EXTERNALLY
The courtyard area is accessed through the ground floor rear store room, with timber door with electronic lock giving access to Fleetgate via the passageway, door through into warehouse and also timber side door giving access to store room one of the warehouse. With old outbuildings with tiled roof, would have been former WCs, with new doors they can be reinstated. There are brick wall boundaries to all three sides. There is no off-road parking to the rear, but internal parking/loading bay in warehouse.
WAREHOUSE
Warehouse has been blocked and turned into multiple rooms, with passageway into store rooms and automatic lighting. Three store rooms, two of which have timber staircase to first floor and the third has roller shutters leading through into the main warehouse at the rear of the property, also having timber fire door into the warehouse. There are PV solar panels to the roof of the warehouse bringing in £1,000 a year income (couple of years left). Digital electronic lock.
STORE ROOM 1/WORK AREA - 12\‘ 2\‘\‘ x 8\‘ 11\‘\‘ (3.703m x 2.706m and 6.114m x 3.105m)
Hardstanding, blocked walls, in two parts with passage through to biomass heating system which supplies heating for the entire shop - there is no heating to the warehouse but there are connections/outlets for future connection. The biomass heating system runs on biomass pellets only and brings in £2,000-£3000 a year income through RHI payments (18 years left). Timber staircase to:
FIRST FLOOR STORE ROOM - 10\‘ 8\‘\‘ x 20\‘ 3\‘\‘ (3.248m x 6.167m)
Store room above store room one, with timber floor, brick and block to all four walls.
STORE ROOM 2 - 12\‘ 1\‘\‘ x 14\‘ 2\‘\‘ (3.675m x 4.317m)
With electric roller shutter door, blocked off from the entrance passage, brick to one side, hardstanding, power and light, with automatic lighting.
STORE ROOM 3 - 6\‘ 9\‘\‘ x 23\‘ 1\‘\‘ (2.050m x 7.047m)
With timber glazed window to the front elevation, blocked off from the entrance passage, automatic lighting, timber staircase to:
FIRST FLOOR STORE ROOM - 23\‘ 7\‘\‘ x 23\‘ 6\‘\‘ (7.194m x 7.175m)
Store room above store room three, with timber floor, brick and block to all four walls, having corrugated roof.
MAIN WAREHOUSE - 30\‘ 6\‘\‘ x 22\‘ 8\‘\‘ (9.3m x 6.9m)
With timber bi-fold doors giving access for the larger vehicles, leading to hardstanding, corrugated roof, roller shutter door into store room two, loading bay, power and light, LED flood light.
Property Features :
- Mid terrace shop having double glazing
- Showroom, sales service area
- Office and ground floor store room
- First floor office, store room, kitchen and shower room
- Warehouse with five store rooms