Property Features

  • Mixed High Street investment
  • Excellent trading location
  • Comprises 1 shop and two flats
  • All income producing and will be discussed confidentially
  • Freehold
  • EPC Ratings: Shop: G, Flat A: E, Flat B: E
  • For sale by auction – T & C's apply
  • Subject to an undisclosed Reserve Price
  • Reservation Fee applicable
  • The Modern Method of Auction

Property Description

DDM PROPERTY AUCTION : For sale by Modern Method of Auction: Starting Bid Price £140,000 plus reservation fee. Originally built as residential dwelling around the 1900’s and long since converted into retail unit with a large double extension to the rear. Two one bedroon flats to the firstfloor.

Room by Room

Note

Due to the current climate we have not been able to enter to get internal photographs.

Location

The subject property is situated in Scunthorpe which is the commercial centre of North Lincolnshire. Scunthorpe has a resident population of approximately 75,000 with industry, retail and amenities commensurate with it size. The subject property is situated on High Street which is the main retail area of the town. High Street at this location is part of the inner traffic management scheme and is one way. Slightly further to the east is the pedestrian area of the town encompassing The Foundry and Parishes shopping centre which has integrated the town with leisure, parking and traditional retail. The subject property has frontage to High Street with this area of the town mainly focused on retail although slightly further to the west retail is interspersed with leisure uses. Surrounding this area of High Street are several large Local Authority car parks.

Description

The accommodation is of traditional construction with outer elevations of brick beneath tiled and flat roofs. Ground floor, l let to a Nail Studio with modern shop display windows. The rectangular shop area is now divided by stud walls and door allowing for rear storage, kitchen, WC and includes access to a rear ten foot passageway. Ground floor, Nail studio with modern shop display windows. First floor flat A accessed via staircase at the rear and comprises of living room diner kitchen, bedroom and bathroom. Flat B accessed via staircase at the rear and consists of living room, bedroom, kitchen diner and bathroom.

Rateable Value

The ground floor is entered in the rating list as Shop and Premises. Interested parties are advised to contact the Local Rating Authority as to whether any rate relief is available.

Services

Electricity, water and drainage are understood to be connected to the subject property. Services have not been tested and prospective occupiers are advised to check the adequacy of the supply for their intended use.

Terms

The subject property is being sold as an investment with the existing tenants in occupation. Ground floor let to a Nail studio. First and second floor flats are tenanted on an assured shorthold tenancy with the passing rent for each flat.

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