Auction
Favourite icon active Favourite icon inactive

Hampton House, Church Lane, Grimsby, DN31 1JR

  • Auction
  • Lot 17
  • United Kingdom
  • Mixed Use
  • Commercial

Guide Price £400,000 - £425,000

Property Summary

  • By order of the Joint LPA Recevers
  • Freehold detached retail/office building
  • Three ground floor retail units with offices arranged over first, second and third floors
  • Producing £42,200 per annum
  • Plus vacant second floor offices

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.
Emily Davis
Vendor's Solicitor

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.
Emily Davis
Vendor's Solicitor

Downloads

Property description

The property comprises a detached 1960's building arranged as three retail units with offices above over first, second and third floors.  Two retail units are accessed from the front of the property on Church Lane as are the upper floor offices via their own central staircase, whilst the third retail unit has separate access from the side of the property from Wellowgate.

There are car parking spaces to the rear of the property.  The site area is approximately 0.063 hectares (0.155 acres).

Location

The port town of Grimsby is located at the mouth of the River Humber approximately 45 miles north-east of Lincoln, 33 miles south-east of Hull and 50 miles east of Doncaster.

The property is situated within the town centre and on the south side of Church Lane at the junction with Wellowgate, in a mixed use area and within walking distance of Grimsby Town mainline station.

Planning

North East Lincolnshire Council (01474 313133) www.nelincs.gov.uk

Tenure

Freehold

Additional Details

FloorUseSq MSq FtTenantLease TermsRent (£ pa)
GroundRetail/storage44.55480Individual t/a Smart People Recruitment3 years from 08/02/2021£4,700
GroundRetail/storage77.70836Individual t/a Moghul Empire15 years from 31/05/2022 (3 yearly reviews)£7,500
GroundRetail/storage172.181,853Newton Fallowell Ltd5 years from 21/01/2020£16,000
FirstOffices180.801,946Newton Fallowell Ltd10 years from 21/01/2020£10,000
Second Offices180.801,946VacantVacant 
ThirdOffices180.801,946Cleethorpes Properties Ltd t/a Lovelle Bacon5 years from 01/09/2023£4,000
TOTAL 836.839,007  £42,200

The floor areas have been taken from the VOA website.

VAT

Please refer to Legal Documents

Helpful links

*Terms & Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,400 (inclusive of VAT) for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All Lots sold “Subject to Vendor Confirmation” will be subject to acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to accept or reject the Vendor's counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
days hours minutes second seconds Bidding Closed