3 bed flat for sale

Cromwell Road, Grimsby DN31

Summary

We are pleased to bring to the market this terraced house which has been converted into 2 separate flats. The ground floor flat has 1 bedroom and the first floor flat has 2 bedrooms.

We anticipate a modernised market rent for each flat to be 1,050PCM, which results in an excellent income of 12,600P.A.

Viewing is highly recommended for any investor looking to add to their portfolio.

Tenure

We understand that both flats are held on 99 leasehold titles from 1st January 1990 with ground rents payable of 50 P.A. We understand that Absentee Landlord Indemnity Policy was taken out previously and the vendors solicitor has indicated that the freehold may have been devolved to the Crown. On this basis the freehold will be possible to be purchased by any prospective buyer, but interested parties are advised to make their own enquiries.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 64
Annual Ground Rent Amount: 50.00
Ground Rent Review Period: Per Flat

Living Room

3.82m x 3.64m

With a uPVC double glazed front bow window, radiator, decorative ceiling coving and rose and entered via a timber single glazed front door.

Bedroom

3.07m x 4.07m

With a uPVC double glazed rear window, radiator, decorative ceiling coving, rose and timber mantel piece.

Dining Room

3.87m x 6.63m

With a uPVC double glazed side window and a radiator.

Kitchen

2.98m x 1.98m

With a range of wall and base units incorporating a basin with mixer tap, cooker with an electric hob and extractor and space for plumbing for a washing machine and standalone fridge freezer. Complete with partial tiling, timber single glazed window and door leading onto the rear garden.

Bathroom

Fitted with a three piece suite comprising of a bath with a shower head attachment, w.c and a pedestal basin. Complete with partial tiling and a uPVC double glazed frosted window and a radiator.

First Floor Flat

Entered via a timber single glazed frosted front door which leads into the hallway and the landing, which is an open spelled split landing leading access to all rooms in the flat.

Living Room - Ff

4.66m x 3.61m

With a uPVC double glazed front window, picture rail and radiator.

Bedroom 1

4.03m x 2.92m

With a uPVC double glazed rear window and a radiator.

Bedroom 2/Study

1.65m x 2.83m

With a uPVC double glazed side window and a radiator.

Kitchen - Ff

Fitted with a range of wall and base units incorporating a basin with a mixer tap, cooker with a four ring electric hob and space and plumbing for a washing machine as well as a standalone fridge freezer. Complete with the boiler, partial tiling, a uPVC double glazed frosted window and door leading onto the rear.

Bathroom - Ff

Fitted with a three piece suite comprising of a bath with a shower head attachment, pedestal basin and a w.c. Complete with partial aqua boarding and a uPVC double glazed frosted window.

Gardens

The property benefits from front and rear gardens with the front being low maintenance and secluded by timber fencing, whilst the rear is partially paved and partially laid to lawn and surrounded on all sides by timber fencing.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.