Shop for auction in Skegness

Description

A substantial double fronted freehold property occupying a prominent position in the centre of this busy seaside town. The accommodation is arranged over four floors and comprises a ground floor Polish Mini Market, together with the freehold interest to the lower ground floor, first and second floor apartments, subject to 999 year leases from 2005.

The shop tenant is holding over on a 3 year lease from 21st June 2022 at a passing rent of £150 per week (£7,800 pa).

Accommodation

Ground Floor Sales Shop 87-89 Roman Bank
Frontage - 7.06 m

Depth - 10.05 m

Area - 70.95 Sq.M (763 sqft)

First Floor Flat 87 Roman Bank (fire damaged)
Ground Rent only - 999 years from 30th March 2005

Second Floor - Flat 89A Roman Bank
Ground Rent only - 999 years from 30th March 2005

Basement Flat - 87 A Roman Bank
Ground Rent only - 999 years from 15th January 2008

Tenure

Freehold

Lease Length

Th ground floor tenant is holding over on a 3 year lease from 21st June 2022 at £150 per week.

Occupancy

Subject to a tenancy

Costs

Auction Details

The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fixed Fee of £1,500 ( inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.