For sale by online auction on 20th March 2024 - Guide Price £95,000 - £100,000 VACANT SALES SHOP AND SPACIOUS 3 BEDROOMED FLAT TO UPPER FLOORS ON THE EDGE OF THIS BUSY MARKET TOWN SHOPPING CENTRE.

A traditional town centre period building presently currently comprising a ground floor lock up retail shop with a self-contained 3 bedroomed flat on the upper floors but also benefiting from planning consent for conversion to a retail unit and 3 dwellings. Latterly used for carpet sales, the shop has potential for any number of commercial uses and is situated on the edge of the main retail centre of this historic Market Town, a short distance from occupiers including Boots, Cafe Nero, W H Smith, Greggs, Spar, and Heron. A public car park is less than 100 yards away. The flat is both spacious and airy, with gas-fired central heating. Ideal opportunity for investment or traders/business owners seeking an outlet with good-sized living accommodation

Tenure

Freehold

Location

Louth is a Georgian market town in East Lincolnshire with a population of around 17,000. The historic town centre is full of both national retailers and local independent traders and the three-day-a-week markets in the Cornmarket add to the appeal of the town as a shopping centre

Accommodation

RETAIL UNIT Sales Shop: Front and side windows with security shutters. Kitchen / Store: Fitted sink unit and base cupboard. Gas heater. Separate WC SELF-CONTAINED FLAT Separate rear ground floor entrance. FIRST FLOOR Landing: Two radiators. Living Room: Radiator. Kitchen: Fitted base and wall cupboards with worktops and sink. Plumbing for automatic washing machine. Wall-mounted gas boiler. Bathroom / WC: Three-piece suite with shower fitment over the bath and splashback tiling. Radiator. Bedroom Two: Radiator. SECOND FLOOR Bedroom One: Radiator. Bedroom Two: Radiator. EXTERNAL Shared rear pedestrian access passage.

Planning Consent

Planning consent was approved in May 2021 for Change of use, conversion of and alterations to the existing retail unit and flat to provide a retail unit and 3no. dwellings. under reference N/105/00612/21. The consent has a 4-year commencement condition, so it is still valid. The Notice of Decision and plans can be accessed via the East Lindsey District Council public access website.

Tenure

Freehold. Vacant possession upon completion.

Services

All mains services are connected to the property. None of the services or installations have been tested.

Business Rates

Rateable value £5,000.

Viewing

A Video viewing is available, we recommend interested parties view the video before doing a physical viewing. For physical viewings please contact our Beverley Office on 01482 866844.

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 18th March 2024 and closing on Wednesday 20th March at 1.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.

Conditions of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.

Guide Price

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.

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Council Tax is payable to the East Lindsey Council. The property is shown in the Council Tax Property Bandings List in Valuation Band A (verbal enquiry only).

Solicitors

Squire Patton Boggs (UK) LLP, Rutland House, Birmingham, B3 2JR, Tel: Telephone: 01212 223393. Email: katie.norris@squirepb.com

Offered in association with

Sanderson Weatherall

Additional Fees

Administration Charge - The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) and a buyer’s premium of 1.2% of the hammer price (1% plus VAT) subject to a minimum of £900 (£750 + VAT) in addition to the purchase price of the property.

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