Lot 110
    Retail Property (out of town)
    12
    14 & 16 Tennyson Road, Mablethorpe, Lincolnshire, LN12 1HE
    Sold for £76,000.
     
    Number 1
    A Freehold Commercial and Residential Investment Comprising Three Ground Floor Shops and Two Flats Above (Both Sold Off) Producing £6,420 Per Annum.

    Description

    A terraced building comprising three ground floor shops and two first floor flats arranged over ground and first floor levels.

    Tenure

    Freehold

    Location

    The property is situated on a residential road close to local shops and amenities. The open spaces of Queen's Park and Mablethorpe Beach are within easy reach. Transport links are provided by the A16 to the west.

    Note

    We have been advised by the vendor that there is potential to increase the rent to approximately £10,000 per annum and that all the tenants want to remain in situ.

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Rent
    12 Ground Floor Office 2 years from 27th January 2020 (Holding Over) £1,560 per annum
    14 Ground Floor Retail Area 1 year from 14th September 2019 (Holding Over) £3,000 per annum
    14a First Floor Not Inspected 125 Years from 2022 £150 per annum
    16 Ground Floor Retail Area 2 years from 27th January 2020 (Holding Over) £1,560 per annum
    16a First Floor Not Inspected 125 Years From 1st January 2020 £150 per annum
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
    Share this lot

    Additional Fees and Disclaimer

    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    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.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

    Contact Our Property Experts