Guide price
£175,000
Retail premises for saleStation Street, Spalding PE11
Just added
About this property
Vacant Commercial Premises With Tenanted Flats
Property split between ground floor retail, and First/Second floor 2 No Bedsit/Flats (Both Flats Let Separately)
Freehold Property
Investment Opportunity
Commercial/Residential Investment Property
Ground Floor Net Internal Floor Area Approximately 47.7 (513ft2)
Public Car Parking Nearby
Viewing Highly Recommended
Summary
For Sale Via Online Auction. Fees Apply.
Ground Floor Retail/Office Unit and 2 No Bedsit/Flats.
Location
The property is situated in a good secondary trading location just off the Sheep Market in the town centre of Spalding, and positioned on the main shopping route leading to Winsover Road. Public car parking is available a short distance
away in the Sheep Market and nearby Victoria Street car parks. The property lies within the Spalding Conservation Area.
Spalding is a market town with a population of approximately 30,500 which has weekly markets on Tuesdays and
Saturdays. The town is located with easy access via the A16 through to Peterborough to the south, together with
connections to the A1, and the A17 to the north and Boston. Spalding enjoys a rail connection service to
Peterborough from whence main line connections to London King's Cross are readily available (minimum journey time 49 minutes).
Description
The property comprises of ground floor retail accommodation (approximately 8.07m deep and approximately 3.63m wide max.), with further storage and ancillary accommodation at the rear. 2 No. Flats with separate access door off Station Street are located on the first and second floors.
Investment details
The property is For Sale as a whole, with the retail area presently unoccupied, and Flat 1 and Flat 2 both Let.
21A station street, spalding (first floor) flat - currently let on apt
Ground floor entrance door shared with Flat 21B with stairs leading to a communal landing area, with Flat comprising
Lounge/Bedroom, Kitchen, Shower room with shower, wash hand basin and WC. All being located on the first floor.
Current Rent Passing: 392 pcm. Apt Date: 3 June 2019
21B station street, spalding (second floor) flat - currently let on apt
Ground floor entrance door shared with Flat 21A, with stairs leading to a communal landing area, stairs up to 2nd floor
flat comprising Lounge/Bedroom and kitchen, and bathroom with bath, wash hand basin and WC.
Current Rent Passing: 450 pcm. Apt Date: 5Oct 2021
Accommodation
Ground floor 21 station street (retail)
front shop/office: 8.07m deep x approximately 3.63m wide, plus understairs cupboard. Laminate
flooring, pendant lights.
Rear stockroom: 2.92m (maximum) x 4.49m (maximum), skylight, vinyl flooring, part tiled walls, fluorescent lights.
Kitchen: 1.82m x 2.75m, concrete floor, pendant light, stainless steel sink with drainer, hotwater tap.
Rear lobby: Wash hand basin and electric water heater.
Separate WC: Low level WC, wash hand basin
EPC Rating: D
separate entrance lobby to:
21A station street, spalding (first floor) flat
lounge/bedroom: 4.28m x 4.59m, two windows to front aspect, feature fireplace, carpet. Radiator.
Kitchen: 3.75m x 2.70m, ceramic sink/drainer with underneath cupboard. Further range of
base and wall fitted cupboards, tiled walling, vinyl flooring, radiator. Gas Boiler. Window to rear aspect.
Shower room: 1.87m x 1.69m, shower cubicle with electric shower, wash hand basin and WC.
21B station street, spalding (second floor) flat
lounge/bedroom: 4.29m x 4.55m, two windows to front aspect, built in cupboards, carpet. Radiator.
Kitchen: 3.80m x 2.75m, stainless steel sink/drainer with underneath cupboard. Further range
of base cupboards, part tiled walling, vinyl flooring, radiator. Gas Boiler. Window to rear aspect.
Bathroom: 1.57m x 2.75m, bath, wash hand basin and WC. Radiator and electric wall heater.
(Located on First Floor)
Both flats share a communal hallway and staircase and have separate electric meters.
Tenure Freehold - Subject to existing tenancy agreements.
Services Mains water, electricity, gas and drainage. Separate supplies for the ground / upper parts.
Local authorities
South Holland District Council Priory Road, Spalding, Lincs. PE11 2XE call: Anglian Water Customer Services po Box 10642, Harlow, Essex, CM20 9HA call: Lincolnshire County Council County Offices, Newland, Lincoln LN1 1YL call:
Description
The property comprises of ground floor retail accommodation (approximately 8.07m deep and approximately 3.63m
wide max.), with further storage and ancillary accommodation at the rear. 2 No. Flats with separate access door off Station Street are located on the first and second floors.
Location
The property is situated in a good secondary trading location just off the Sheep Market in the town centre of Spalding, and positioned on the main shopping route leading to Winsover Road.
Epc's
D & C Ratings
Tenure
Freehold - Title number LL321460
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
For Sale Via Online Auction. Fees Apply.
Ground Floor Retail/Office Unit and 2 No Bedsit/Flats.
Location
The property is situated in a good secondary trading location just off the Sheep Market in the town centre of Spalding, and positioned on the main shopping route leading to Winsover Road. Public car parking is available a short distance
away in the Sheep Market and nearby Victoria Street car parks. The property lies within the Spalding Conservation Area.
Spalding is a market town with a population of approximately 30,500 which has weekly markets on Tuesdays and
Saturdays. The town is located with easy access via the A16 through to Peterborough to the south, together with
connections to the A1, and the A17 to the north and Boston. Spalding enjoys a rail connection service to
Peterborough from whence main line connections to London King's Cross are readily available (minimum journey time 49 minutes).
Description
The property comprises of ground floor retail accommodation (approximately 8.07m deep and approximately 3.63m wide max.), with further storage and ancillary accommodation at the rear. 2 No. Flats with separate access door off Station Street are located on the first and second floors.
Investment details
The property is For Sale as a whole, with the retail area presently unoccupied, and Flat 1 and Flat 2 both Let.
21A station street, spalding (first floor) flat - currently let on apt
Ground floor entrance door shared with Flat 21B with stairs leading to a communal landing area, with Flat comprising
Lounge/Bedroom, Kitchen, Shower room with shower, wash hand basin and WC. All being located on the first floor.
Current Rent Passing: 392 pcm. Apt Date: 3 June 2019
21B station street, spalding (second floor) flat - currently let on apt
Ground floor entrance door shared with Flat 21A, with stairs leading to a communal landing area, stairs up to 2nd floor
flat comprising Lounge/Bedroom and kitchen, and bathroom with bath, wash hand basin and WC.
Current Rent Passing: 450 pcm. Apt Date: 5Oct 2021
Accommodation
Ground floor 21 station street (retail)
front shop/office: 8.07m deep x approximately 3.63m wide, plus understairs cupboard. Laminate
flooring, pendant lights.
Rear stockroom: 2.92m (maximum) x 4.49m (maximum), skylight, vinyl flooring, part tiled walls, fluorescent lights.
Kitchen: 1.82m x 2.75m, concrete floor, pendant light, stainless steel sink with drainer, hotwater tap.
Rear lobby: Wash hand basin and electric water heater.
Separate WC: Low level WC, wash hand basin
EPC Rating: D
separate entrance lobby to:
21A station street, spalding (first floor) flat
lounge/bedroom: 4.28m x 4.59m, two windows to front aspect, feature fireplace, carpet. Radiator.
Kitchen: 3.75m x 2.70m, ceramic sink/drainer with underneath cupboard. Further range of
base and wall fitted cupboards, tiled walling, vinyl flooring, radiator. Gas Boiler. Window to rear aspect.
Shower room: 1.87m x 1.69m, shower cubicle with electric shower, wash hand basin and WC.
21B station street, spalding (second floor) flat
lounge/bedroom: 4.29m x 4.55m, two windows to front aspect, built in cupboards, carpet. Radiator.
Kitchen: 3.80m x 2.75m, stainless steel sink/drainer with underneath cupboard. Further range
of base cupboards, part tiled walling, vinyl flooring, radiator. Gas Boiler. Window to rear aspect.
Bathroom: 1.57m x 2.75m, bath, wash hand basin and WC. Radiator and electric wall heater.
(Located on First Floor)
Both flats share a communal hallway and staircase and have separate electric meters.
Tenure Freehold - Subject to existing tenancy agreements.
Services Mains water, electricity, gas and drainage. Separate supplies for the ground / upper parts.
Local authorities
South Holland District Council Priory Road, Spalding, Lincs. PE11 2XE call: Anglian Water Customer Services po Box 10642, Harlow, Essex, CM20 9HA call: Lincolnshire County Council County Offices, Newland, Lincoln LN1 1YL call:
Description
The property comprises of ground floor retail accommodation (approximately 8.07m deep and approximately 3.63m
wide max.), with further storage and ancillary accommodation at the rear. 2 No. Flats with separate access door off Station Street are located on the first and second floors.
Location
The property is situated in a good secondary trading location just off the Sheep Market in the town centre of Spalding, and positioned on the main shopping route leading to Winsover Road.
Epc's
D & C Ratings
Tenure
Freehold - Title number LL321460
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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