Property description

DDM PROPERTY AUCTION : For sale by Modern Method of Auction: Starting Bid Price £185,000 plus reservation fee.

An outstanding opportunity to acquire a substantial former public house with gardens in the highly regarded town of Kirton Lindsey. The property is considered ideal for redevelopment (subject to the necessary permissions) or refurbished back to a working public house. The ground floor accommodation comprises of three large bar areas with associated toilets and a good size kitchen. In addition to the extensive cellars there is excellent first floor accommodation which briefly includes a substantial lounge, office, six bedrooms and bathroom. There are good grounds to three sides of the property including both a brick built garage and extensive customer parking. An outstanding development opportunity for which early viewing is anticipated.

This property is for sale by DDM Property Auction powered by iam-sold Ltd. 

AUCTIONEER'S COMMENTS 
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, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. 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 put down a non-refundable Reservation Fee of 5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. 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 form and all terms and conditions can be found in the Legal 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 DDM Property Auction powered by iam-sold Ltd. 

TO VIEW OR MAKE A BID – Contact DDM Residential on 01?652 653666 or visit: www.northlincolnshirepropertyauction.co.uk 

Property Features :

• The Royal Oak Kirton Lindsey a former public house/development opportunity
• Three large bars with toilets, kitchen and cellars
• Lounge and office
• Six bedrooms and bathroom
• Good size grounds and garage