Property description

DDM PROPERTY AUCTION : For sale by Modern Method of Auction: Starting Bid Price £59,950 plus reservation fee.

A rare opportunity to acquire a freehold multi purpose property. The property currently comprises a second hand store to the front, a wrought iron works to the rear and a social club to the first floor. The shop and workshop are currently tenanted - further information is available from the agents Grimsby Office.

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 01472 358 671 or visit: www.northlincolnshirepropertyauction.co.uk

SOCIAL CLUB ENTRANCE
Secure side entrance door, access to toilet, sliding door to cellar and stairs to:

BAR AREA - 17' 7'' x 47' 1'' (5.35m x 14.35m)
Bar with power, light and water supply and licence to serve alcohol, sink, three uPVC double glazed windows to the side aspect, large uPVC double glazed window to the front aspect, five radiators, stage area, storage area, high ceiling with fans.

STORAGE ROOM
Central heating boiler and window to the side aspect.

MALE TOILET
Window to the side aspect.

LADIES TOILET
Window to the side aspect.

POOL HALL - 28' 7'' x 19' 1'' (8.707m x 5.816m)
Three uPVC double glazed windows to the side aspect, three radiators, fire escape door to external staircase.

STORAGE AREA - 4' 0'' x 19' 1'' (1.22m x 5.82m)

WROUGHT IRON WORKS - 19' 0'' x 32' 6'' (5.80m x 9.91m)
Brick built building with double timber entrance doors, power and light, concrete floor and small office to the rear.

SECOND HAND STORE - 19' 7'' x 26' 5 (5.98m x 8.06m)
Wooden entrance door, glazed windows with shutters, understairs storage cupboard and door to:

STORE ROOM - 10' 6'' x 7' 5 (3.21m x 2.26m)
Window looking into the shop.

KITCHEN AREA - 4' 6'' x 8' 11 (1.38m x 2.71m)
Stainless steel sink and drainer, window to the side aspect.

STORAGE AREA/TOILET - 9' 7'' x 12' 1 (2.91m x 3.68m)
Low flush wc, three windows to the side aspect.

CONDITIONAL AUCTION
This property is for sale by the modern auction method of sale also known as a \"conditional auction\". This process is similar to a normal property purchase but on acceptance of an offer the purchaser will pay a non refundable reservation fee to secure the property. The buyer then has 28 days to exchange contracts (from the date the buyers solicitors are in receipt of draft contracts from the sellers solicitors) and a further 28 days to complete the purchase. Terms and conditions apply to the modern auction method of sale, which is operated by DDM Property Auctions.

Property Features :

• Excellent investment opportunity
• Freehold building comprising shop, wrought iron works & social club
• Prominent location on corner of Cleethorpes Road and Daubney Street
• Shop & workshop currently tenanted