137-141, Roman Bank, SKEGNESS, Lincolnshire, PE25 1RY

IMPORTANT ANNOUNCEMENT UPLOADED
THERE IS AN ANNOUNCEMENT RELATING TO THIS LOT THIS HAS BEEN ADDED TO THE LEGAL PACK.
IF YOU ARE BIDDING YOU ARE DEEMED TO HAVE KNOWLEDGE OF THIS ANNOUNCEMENT TOGETHER WITH ALL OTHER LEGAL DOCUMENTS AND SPECIAL CONDITIONS OF SALE.
Announcement
Please see the “ANNOUNCEMENT” on the Legal Docs.
LOT 183 – 137-141 ROMAN BANK, SKEGNESS
The buyer’s attention is drawn to the fact that the seller has been unable to obtain an up to date EPC for 141 Roman Bank. By exchanging contracts the buyer warrants to the seller that they unequivocally indemnify the seller against any future claim or financial penalty relating to the lack of an EPC/or grant which would show on an EPC and shall raise no requisitions in this regard and completion shall not be delayed.

3 x rental income from the takeaway (incorporating the flat above), a cottage and a basement flat
Combined rental income of just over £28,000 p/a
Off street parking to the rear for several vehicles

Description
Offered for sale is this semi commercial property which comprises a takeaway with a 4 bedroom flat above, a 2 bedroom cottage and a one bedroom basement flat. There is off road parking for several vehicles to the rear of the property. The rental income of just over £28,000 p/a is generated from all 3 properties. The cottage and basement flat are both on Assured Shorthold Tenancies. The takeaway, including the flat above, are on a lease until 10th March 2033. The takeaway with the flat above contributes £16,800 p/a to the annual rental income, the cottage currently achieves £500pcm and the basement flat £450pcm. This is a great investment opportunity with income being generated through several avenues.

Accommodation
We haven’t been able to inspect every property but have been advised by the seller that there is a 4 bed flat above the takeaway which is included in the lease agreement. We have been advised that the cottage has 2 bedrooms and the basement flat comprises one bedroom. There is off road parking to the rear for several vehicles.

EPC
Takeaway & flat (137-139) – D
141 – an assessor hasn’t been able to gain access – there is an expired (2018) EPC with a rating of E

Council Tax Band
137-139 N/A
141 - A

Tenure:
Freehold

Viewings:
William H Brown, 20 Roman Bank, Skegness, PE25 2RU. Tel: 01754 768311.
By arrangement with the auctioneers -


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.