Town house for sale in Roman Bank, Skegness PE25

Summary
guide price £240,000 -

¦ 3 x rental income from the takeaway (incorporating the flat above), a cottage and a basement flat
¦ Combined rental income of just over £28,000 p/a
¦ Off street parking to the rear for several vehicles

description
auction date: Tuesday 25th June 2024

bidder registration: Please ensure you are registered to bid on the Barnard Marcus Auctions website by 2pm on Monday 24th June 2024

Download legal documents from barnard marcus auctions website

Description
Offered for sale is this semi commercial property which comprises a takeaway with a 4 bedroom flat above, a 2 bedroom cottage and a one bedroom basement flat. There is off road parking for several vehicles to the rear of the property. The rental income of just over £28,000 p/a is generated from all 3 properties. The cottage and basement flat are both on Assured Shorthold Tenancies. The takeaway, including the flat above, are on a lease until 10th March 2033. The takeaway with the flat above contributes £16,800 p/a to
the annual rental income, the cottage currently achieves £500pcm and the basement flat £450pcm. This is a great investment opportunity with income being generated through several avenues.

Accommodation
We haven’t been able to inspect every property but have been advised by the seller that there is a 4 bed flat above the takeaway which is included in the lease agreement. We have been advised that the cottage has 2 bedrooms and the basement flat comprises one bedroom. There is off road parking to the rear for several vehicles.

EPC

Takeaway & flat (137-139) – D

141 – an assessor hasn’t been able to gain access – there is an expired (2018) EPC with a rating of E

Council Tax Band 137-139 N/A

141 - A

Tenure:
Freehold

Viewings:
William H Brown, 20 Roman Bank, Skegness, PE25 2RU. Tel:
By arrangement with the auctioneers - please see important advice for viewers on page 19 of this catalogue
for sale via the midlands auction centre in association with barnard marcus auctions on Tuesday 25th June 2024 at 9.00AM at the de vere grand connaught rooms, 61-65 great queen street, covent gardens, london WC2B 5DA. You can also register for online bidding.

Conditions of sale

The Conditions of Sale are available online and will be deposited at the offices of the auctioneers and vendor’s solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of the same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Health & Safety Advice for Property Viewers.
Whilst the auctioneers make every effort to ensure the safety and security of viewers at lots, we have not carried out a detailed Health & Safety inspection of the lots in our auction and cannot therefore guarantee the safety and security of viewers. All persons attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All unaccompanied inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers’ risk.
*Guide and Reserve Prices
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Note

The auctioneers offer four ways to bid including internet, telephone, proxy, and live room bidding. Prospective purchasers will need to register to bid and pay a holding deposit before the sale commences by registering at Barnard Marcus Auctions website. We do not take credit card or cash deposits. The sale of each lot is subject to a documentation charge of £1,500 (including vat) payable on the fall of the hammer.
Guidance notes are set out in the catalogue in relation to auction lots, particularly from a purchasing perspective.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.