Corporation Road, Grimsby, DN31

An excellent BTL investment opportunity in the form of a former three-bedroom mid-terrace house that has been now sympathetically converted into 2 x one-bedroom flats. Each flat has gas central heating, is part uPVC double glazed and has accommodation comprising of a lounge, kitchen, bedroom and bathroom. Externally there are gardens to both the front and rear. 

Whilst the ground floor flat is currently vacant, the first floor flat is LET on an assured shorthold tenancy producing £4,680 per annum.  Total income possible when fully let is in excess of £9,000 pa.

Location

Corporation Road is an Established residential location that runs between the A16 and Boulevard Avenue in Grimsby DN31. Grimsby is a large town and sea port located in North East Lincolnshire on the south bank of the Humber estuary and in close proximity to the Lincolnshire Wolds which is an area of outstanding natural beauty. Boasting transport links to the A180, A46 and A16 and with direct rail links to Lincoln, Doncaster, Sheffield and Manchester.

Ground Floor Flat

Lounge 3.92m X 3.43m , Kitchen 4.55m X 2.99m , Bedroom 3.78m X 3.02m , Bathroom 3.04m X 1.68m

First Floor Flat

Lounge 4.17m X 3.79m , Kitchen 2.84m X 2.92m , Bedroom 3.99m X 2.61m , Bathroom 1.67m X 1.98m

Tenure: Freehold.  Please refer to the legal pack for full details.  Possession is subject to the terms of the existing assured shorthold tenancy.

Services:  Mains water, electricity, gas  & drainage are believed to be connected.  None of the services have been tested.

Council Tax:  Council Tax is payable to the North East Lincolnshire Council. The flats are shown in the Council Tax Property Bandings List in Valuation Band A.

Viewing:  Strictly by appointment with the auctioneers on 0845 400 9900 and subject to availability of the tenant with ample prior notice.

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 22nd July 2024 and closing on Wednesday 24th July at 1.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.

Conditions of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.

Additional Fees

The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) and a buyer’s premium of 1.2% of the hammer price (1% plus VAT) subject to a minimum of £900 (£750 + VAT) in addition to the purchase price of the property.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Disbursements

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Solicitor

Squire Patton Boggs (UK) LLP, Rutland House, Birmingham, B3 2JR.  Telephone:  01212 223393.  Email:  [email protected]

Online bidding

If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c