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Lot 17
8 Cole Street, Scunthorpe, North Lincolnshire DN15 6QZ

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6 Week completion

SITUATION

Located in the pedestrianised centre of the town and being on the link road between High Street and The Parishes. Nearby multiple retailers include Cash Generator, CEX, Primark, F. Hinds, New Look, JD Sports, HSBC etc.
Scunthorpe lies some 30 miles south-west of Hull, 20 miles east of Doncaster and benefits from good road access via the A159 and M180.

PROPERTY

A mid terraced building comprising a Deep Ground Floor Retail Unit with Sales/Ancillary on the first floor. In addition, the property benefits from rear service access.

ACCOMMODATION 1

Ground Floor Retail Unit
Internal Width 29'3"
Shop Depth 119'5"
Area Approx. 3,394 sq ft
First Floor Sales/Ancillary
Area Approx. 5,887 sq ft

Total Area Approx. 9,281 sq ft
1 Not inspected by Barnett Ross. Areas and measurements supplied by Vendor.

VAT is applicable to this Lot

TENURE

Leasehold for a term of 999 years from 2nd June 2005 (thus having approx. 986 years unexpired) at a peppercorn ground rent.

TENANCY

The property is let to Fallen Hero (in administration and not in occupation) at £90,000 per annum exclusive. No rent has been received since June 2014, although the lease remains in place.

Note: Vacant Possession may be available - refer to Special Conditions.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.