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Commercial premises for sale in Scunthorpe

12 Cambridge Avenue, Scunthorpe, Lincolnshire, DN16 3LG
For sale
£90,000 Guide Price
AUCTION PROPERTY

COMMON USE CLASS: A1 Shops, B1 Business

connect-uk-auctions
This property is marketed by:
Connect UK Auctions

Key Features:

  • Freehold Commercial Premises 
  • Gross yield circa 15% 
  • Further Development Potential Subject to usual consents. 
  • Viewings by appointment only.
  • £15,000 per annum. 
  • Residential Location. 
  • Full Auction Legal Pack available upon request.
  • Let on a commercial lease until 2037.

Description

Freehold commercial premises. Currently generating £15,000 per annum. Circa 15% gross yield per annum. Further development opportunity with usual consents.

Accommodation

Freehold premises, let on a commercial lease until 2037.

Location

Scunthorpe is a large industrial town in the unitary authority of North Lincolnshire in Lincolnshire, England of which it is the main administrative centre. A predominantly industrial town, the town is the United Kingdom’s largest steel processing centre and is also known as the “Industrial Garden Town”. It is the third largest settlement in Lincolnshire, after Lincoln and Grimsby.

Viewing

By appointment only.

Tenure

Freehold.

Auction date

Connect Realtime® Plus commencing at 11am Wednesday, 14th September.

The Lot is for sale via Traditional Auction. This is a timed auction, which requires both parties to complete the transaction within the completion date as per the auction legal pack. The buyer, is required to register, with Connect UK Auctions, in order to participate and will be required to go through, identification verification process. The auction Legal Pack, is available by request. You are required to complete your own due diligence prior to bidding. The Lot is subject to an undisclosed Reserve Price. The Reserve Price and Starting Bid being subject to change.

Unconditional lot

Auction Fees apply upon the fall of the gavel. The Purchaser shall pay a deposit of 5% (or minimum £5,000) and auction fees as per the legal pack and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the auction (unless otherwise stated).


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