Guide price
£900,000
Terraced house for saleA Portfolio Of 24 Units, Grimsby/Cleethorpes, South Humberside DN32
- Auction
Auction House Lincolnshire, North Notts & South Yorks
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About this property
For sale by online auction on Tuesday, 01 Jul 2025 ending at 13:08
A portfolio of properties totalling 24 vacant units for sale by online auction opening *30 June 2025*
Situation:
Situate across various streets within the Cleethorpes and Grimsby area, offering convenient access to the town centres along with a wide range of facilities and amenities, including the primary and secondary retail areas, sea front and promenade, and a wealth of eateries and entertainment spots. The M180 road network is within easy reach, along with Cleethorpes Rail Station with access to the North and North West of England.
Description:
A wonderful, and rare opportunity to acquire a significant portfolio of properties totalling 24 vacant units, across an area with high rental demand. A mixture of terraced and semi detached houses, with some flats, this opportunity presents huge opportunity to acquire properties and add value through improvement works and bring back to market either to re-sell, or let generating a significant yield.
Current rental levels within the area for properties in good order range from £450pcm (£5400 per annum) for 1 bed flats to £800pcm (£9600 per annum) for 3 bed houses, dependant on specific areas and conditions.
Properties 22 Johnson Street, Cleethorpes DN35 7NA
64 Wintringham Road, Grimsby DN32 0NX
80 Sidney Street, Cleethorpes DN35 7NQ
294 Welholme Road, Grimsby DN32 9JB
21 Johnson Street, Cleethorpes DN35 7NA
14 Hare Street, Grimsby, DN32 9LA
17 Barcroft Street Cleethorpes DN35 7BG
326 Wellington Street, Grimsby, DN32 7JR
256 Heneage Road, Grimsby DN32 9NP
4 David Street, Grimsby DN32 9NL
1 Struan House, 129 Eleanor Street, Grimsby DN32 8AL
18 Florence Street, Grimsby DN32 0JH
85 Tiverton Street, Cleethorpes DN35 7EF
39 Tasburgh Street, Grimsby DN32 9LB
186 Daubney Street, Cleethorpes DN35 7PE
122 Daubney Street, Cleethorpes DN35 7NU
258 Heneage Road, Grimsby DN32 9NP
137 Heneage Road, Grimsby DN32 9JG
74 Highfield Avenue, Grismby DN32 0JW
50 Crescent Street, Grimsby DN31 2HD
47 Wellowgate, Grimsby DN32 0EY
296 Welholme Road, Grimsby DN32 9JB
181 Welholme Road,
Additional Fees
Buyers Premium: Non-refundable 1.8% inc VAT of the purchase price, payable on exchange of contracts.
Administration Charge - Non-refundable 1.8% inc VAT of the purchase price, payable on exchange of contracts.
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.
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