Lord Street, Gainsborough, Lincolnshire, DN21 2DD

£160,000

Lord Street, Gainsborough, Lincolnshire, DN21 2DD

£160,000 Guide Price
  • Ref: PRP27936215
  • Type: Land
  • Availability: For Sale
  • Bedrooms: 6
  • Bathrooms: 2
  • Reception Rooms: 1
  • Parking: Off Road Parking
  • Outside Space: South Facing Garden
  • Tenure: Freehold
  • Make Enquiry
  • Floorplan
  • Floorplan

Property Summary

**SIX BEDROOM HOUSE OF MULTIPLE OCCUPANCY WITH RETAIL UNIT ON GROUND FLOOR****CENTRAL LOCATION CLOSE TO SHOPS, AMENITIES AND TRANSPORT LINKS**

Full Details

A rare opportunity to acquire a six bedroom investment opportunity with a retail unit in the town centre. The property boasts a fantastic rental yield and has the added benefit of a recently modernised central heating system including all radiators and two boilers in the last two years. The property briefly comprises a generous shop to the ground floor with a storage room, toilets, kitchen section and also provides access to the spacious cellar. The first floor offers two double bedrooms, modern kitchen, lounge with log burner and bathroom. The second floor has a further four double bedrooms with a stunning tiled bathroom and kitchenette. Externally the home has a low maintenance courtyard rear garden.

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.5% to a minimum of £6,600.00 including VAT 4.5% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,600.00 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Northern Lincolnshire Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.

RETAIL AREA
14.02m x 4.66m (46' 15' 3")

TOILETS
1.74m x 2.42m (5' 9" x 7' 11")

LIVING ROOM
4.10m x 4.79m (13' 5" x 15' 9")

KITCHEN
2.88m x 3.29m (9' 5" x 10' 10")

BATHROOM
3.70m x 3.20m (12' 2" x 10' 6")

DOUBLE BEDROOM 6
5.57m x 4.52m (18' 3" x 14' 10")

BATHROOM
2.09m x 2.17m (6' 10" x 7' 1")

DOUBLE BEDROOM 2
4.53m x 3.29m (14' 10" x 10' 10")

RETAIL AREA
5.09m x 2.08m (16' 8" x 6' 10")

DOUBLE BEDROOM 4
4.51m x 3.74m (14' 10" x 12' 3")

STORE ROOM
2.00m x 3.50m (6' 7" x 11' 6")

DOUBLE BEDROOM 1
3.45m x 3.71m (11' 4" x 12' 2")

DOUBLE BEDROOM 3
2.56m x 4.68m (8' 5" x 15' 4")

DOUBLE BEDROOM 5
3.46m x 3.86m (11' 4" x 12' 8")