DESCRIPTION:
Freehold commercial premises. Currently generating £9,480 per annum. Circa 11.15% 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.
TENURE:
Freehold.
UNCONDITIONAL LOT:
Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price 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 day of auction (unless otherwise stated in the legal pack).
