Studio for sale

69 Neville Street, Cleethorpes, South Humberside DN35

For sale by online auction on Tuesday, 20 May 2025 ending at 13:38

*online Unconditional Auction Opening 19 May 2025*

To register for the legal pack and bidding, please visit our website:



*online Unconditional Auction Opening 19 May 2025*

To register for the legal pack and bidding, please visit our website:

Situation:

The property is well situated on Neville Street, Cleethorpes, a popular and central area of this busy North East Lincolnshire town. The property is well positioned for access to the town centre and its many facilities and amenities, along with the sea front and beach including the popular promenade. Cleethorpes itself offers excellent access to the M180 road network, and a direct rail line cross country to Liverpool, Manchester, Sheffield and Doncaster.

Description:

A wonderful opportunity to acquire this well proportioned and well positioned property, currently configured as 2 flats, in need of full renovation throughout but offering significant scope to add value or generate a strong yield in this area of high rental demand, with gross income across both units expected to be circa £1100pcm (£13,200 per annum), or potential to reconfigure into a HMO (subject to planning permission) with the potential for in excess of £20,000 per annum.

Accommodation Ground Floor Flat:

Sitting Room

Dining Kitchen

Bedroom

Bathroom

Storage

First Floor Flat:

Sitting Room

Kitchen

Bedroom

Bathroom

Outside

Front and rear gardens.Material Information Tenure:

The property is freehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.

Council Tax:

The property falls within North East Lincolnshire Council – band A

Possession:

Vacant possession will be given upon completion.

Viewing:

Strictly by appointment with Auction House.

Services:

Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. Nb: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer

Additional Fees
Administration Charge - Non-refundable £3,600 inc VAT payable on the fall of the virtual gavel.

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

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

Price Information
* 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.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.