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Three flats known as flats 1, 2, 4, at 61-62 Westgate, and Flat 3 at 63B Westgate, GRANTHAM, Lincolnshire, NG31 6JZ

23rd May 2023
starts 09:30 AM at Grand Connaught Rooms
last bid was £310,000, guide price *
£300,000

Tenure: Leasehold.  Lease Information awaited.  Please check the Legal Pack for further details.

!
The negotiator dealing with this Lot is Simon Gillibrand and he can be contacted on 01332 542 296 or by email: simon.gillibrand@bagshawsresidential.co.uk
Great opportunity to purchase four flats in the market town of Grantham
All four flats are presently let out and producing £19,080 PA

Description
Located on the corner of Westgate and Dysart Road in Grantham can be found this great investment opportunity of four flats which are presently all let out. Three of the flats are set in a freehold block over three floors and the fourth flat can be found on the first floor above the adjoining jewellers. Grantham is a Market Town in east Nottinghamshire and is serviced with a range of shopping, schooling and has a mainline railway station on the London line. Other amenities are also available. The flats are presently let
out on Assured Shorthold Tenancies.

Accommodation
Flat 1: 61-62 Westgate, Ground floor. Entrance hall, lounge, kitchen area, two bedrooms, bathroom/w.c. Also has rear access. Let out at £420 pcm
Flat 2: 61-62 Westgate, First floor. Inner hallway, lounge with kitchenette area, one double bedroom, shower room/wc. Let out at £320 pcm
Flat 3: 63B Westgate: Large apartment set over two floors. Own entrance hall, Kitchen/dining room, panty, lounge, two bedrooms, bathroom/walk in shower/w.c. Pretty roof top terrace garden area. Let out at £450 pcm (discounted as he is the caretaker)
Flat 4: 61- 62 Westgate: Second floor: Entrance hall, lounge with kitchenette, bedroom, bathroom/w.c. Let out at £400 pcm

EPC rating:
Flat 1: D 79 sqm
Flat 2: C 34 sqm
Flat 3: D 95 sqm
Flat 4: D 47 sqm

Council Tax Band:
Flat 1: A
Flat 2: Not on Government website
Flat 3: Not on Government website
Flat 4: A

Tenure:
Flats 1, 2, 3 are in one block and offered with a freehold title. Flat 4 is held on leasehold 1,000 years from the 14th September 1987. Ground rent, peppercorn subject to tenancies.

Viewings:
William H Brown Estate Agents Grantham. 63 High St, Grantham NG31 6NN, Tel: 01476 566363.



Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Council Tax Band: A
Leasehold Information:

  • Number of years left on lease: 64 years (as of Auction date)
  • Annual service charge: Please contact Auction centre
  • Annual ground rent: Please contact Auction centre
  • Annual ground rent review period: Please contact Auction centre
  • Ground rent increase: Please contact Auction centre

Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.

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lot infomation last updated: 23rd May 2023 at 04:22 PM

what's next?

Before making an offer or attending the auction to bid, we recommend that you visit the property, check all of the contents of the legal pack and where appropriate ask your solicitor to check this too. You also need to ensure you have means to pay the deposit, our contract documentation charge and have the funds available to meet the full purchase cost on completion. For more information please read our buyers guide.
1
arrange a viewing
We arrange open house viewings on many lots or have arranged for local agents to hold keys. Some viewings may be external only and properties with tenants may not be available to view internally.
2
check or show your lawyer the legal pack/s
Click the "Legal Docs" button at the top of this page to download the legal pack for this lot. If the pack is not yet available just save the Lot to “my lots” and we will contact you as information becomes available or gets updated.  Please also review the general conditions of sale which are applicable to every lot.
3
arrange the needed funds
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4
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5
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