Parking/garage for sale in Garages Nelson Street, Gainsborough, Lincolnshire DN21

For sale by online auction on Tuesday, 25 Jun 2024 ending at 13:38

*online Unconditional Auction Opening 24 June 2024*

To register for the legal pack and bidding, please visit our website:



*online Unconditional Auction Opening 24 June 2024*

To register for the legal pack and bidding, please visit our website:

Situation:

The site is prominently situated on Nelson Street, in this well regarded and sought after area of the town, within easy reach of the Town Centre, and its many amenities, currently undergoing significant development, along with the Marshalls Yard retails and leisure complex. Gainsborough itself is well positioned for access to the surrounding towns of Scunthorpe and Retford, and Cities of Lincoln and Doncaster.

Description:

A wonderful opportunity to acquire this freehold site, currently comprising a block of 10 brick built garages, and significant forecourt area, with good frontage to Nelson Street, and also alternative access via the access road to the South. This site would be suitable for a number of different uses, and offers a wealth of potential for development subject to the necessary consents being obtained. Alternatively, the site could provide good income with a significant yield opportunity on a let basis following some required repair works, with income between £100 and £200 per month, per garage would see this generate between £12,000 and £24,000 per annum.

The site measures approximately 385 square meters.

Material Information Tenure:

The site is freehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.

Council:

The site falls within West Lindsey District Council.

Possession:

Vacant possession will be given upon completion.

Viewing:

At any reasonable time during daylight hours. All persons viewing should be aware that they enter the site entirely at their own risk.

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. T

Additional Fees
Buyers Premium: Non-refundable £1,800 inc VAT payable on the fall of the virtual gavel.

Administration Charge - Non-refundable £1,800 inc VAT payable on the fall of the virtual gavel.

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

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

Price Information
* 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.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.