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

  • Unconditional Online Auction Sale
  • Guide Price* : Starting Bid - £80,000

Substantial ground floor retail unit with planning permission to convert the first floor into 8 x apartments (6 x 2 bedroom and 2 x 1 bedroom). Town centre location and close to train station.

Description

Situation & Description

This long leasehold property (999 years from 2nd June 2005 thus having 986 years unexpired with a peppercorn ground rent) is situated on the pedestrianised Cole Street between High Street and the Parishes, with Primark, JD Sports, Natwest and Costa Coffee just some of the nearby shops. The ground floor retail unit is vacant and extends to an internal width of 29’3” and a shop depth of 119’5” giving an overall approximate area of 3,394sqft with the first floor extending to 5,887sqft (total of 9,281sqft).

Scunthorpe is the third largest town in Lincolnshire and has excellent road links to Hull, Doncaster, Lincoln and Sheffield via the M180, M18 and A15 with Scunthorpe Station only 0.5 mile from the property giving regular access to Doncaster (32 minutes) and Sheffield (1 hour).

Planning
Planning consent has been granted by North Lincolnshire Council on 25th October 2018 under Application No: PA/2018/1667 to convert the upper floors into eight residential units and associated external alterations.

The proposed accommodation consists of:

A: 2 beds, bath, open plan living/dining/kitchen (83.7sqm / 901sqft)
B: 2 beds, bath, open plan living/dining/kitchen with access to lightwell/yard (66.0sqm / 710sqft)
C: 2 beds, bath, open plan living/dining/kitchen with access to lightwell/yard (65.2sqm / 702sqft)
D: 2 beds, bath, open plan living/dining/kitchen (78.0sqm / 840sqft)
E: 2 beds, bath, open plan living/dining/kitchen (80.5sqm / 867sqft)
F: 1 bed, bath, open plan living/dining/kitchen with access to shared lightwell/yard (50.0sqm / 538sqft)
G: 1 bed, bath, open plan living/dining/kitchen with access to shared lightwell/yard (53.3sqm / 574sqft)
H: 2 beds, bath, open plan living/dining/kitchen (73.3sqm / 789sqft)

Copies of the decision notice and approved plans are available from the Auctioneers and contained with the Legal Pack.

Joint Auctioneers
To arrange a viewing, please contact our joint auctioneers.
Walshe’s Property – 01724 304 604

Auction Details
The lot is to be sold by online auction on Wednesday 27th November at 12pm (bidding opens at 9am)
All interested parties who wish to bid, please contact My Auction on 0207 101 4868

Please note that a Buyer’s Premium of 1.2% inc.VAT of the purchase price is to be paid by the successful Buyer (subject to a minimum fee of £2,400 inc.VAT). The successful Buyer will also have to pay a 5% non-refundable Deposit on the fall of the digital hammer with the remaining 95% payable on completion (see Special Conditions of Sale for full details).

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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