*ONLINE Unconditional Auction Opening 31 March 2025*

To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire

Situation:

The property is situated on Brereton Avenue, Cleethorpes a popular and central area of this north east Lincolnshire market and port town. The town centre is within close proximity offering a wide range of facilities and amenities both retail and leisure and Grimsby itself is well positioned for access to the M180 road network.



Description:

A first floor flat benefiting from uPVC double glazing, central heating and versatile accommodation throughout. The property boasts well proportioned rooms and the scope add value. This property will appeal to those investors and owner occupiers alike being an ideal project and offering high potential yield at the advertised guide price, with potential to let at £550pcm (£6600 per annum) once renovated based on properties of a similar style in the area. An internal viewing is a must to appreciate the scope of the accommodation on offer.

Accommodation Hallway:

Kitchen: 3.30m x 3.0m

Sitting Room: 4.70m x 3.60m

Bedroom: 4.00m x 3.10m

Bedroom: 3.00m x 2.40m

Bathroom: With suite
Material Information: Tenure:

The property is leasehold on a term of 199 years from 1 October 2008 at a ground rent of £50.00 per annum. The ground rent increases every 25 years of the term by doubling to a maximum of £800.00 p.a. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.



Council Tax:

The property falls within North East Lincoln Council – BAND A



Viewing:

Strictly by appointment with Auction House.



Services:

Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.



These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.Tenure: LeaseholdLease Details: 199 years from 1 October 2008EPC Rating: DAdministration Fee: £1800 inc VAT payable on exchange of contracts.Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts.Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.