COMMON USE CLASS: A1 Shops, B1 Business
Freehold commercial premises. Currently generating £15,000 per annum. Circa 15% gross yield per annum. Further development opportunity with usual consents.
Freehold premises, let on a commercial lease until 2037.
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.
By appointment only.
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.
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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