Road | Scunthorpe | North Lincolnshire | DN15 7NW
Starting Bid: £20,000
Frodingham
STEP INSIDE
This mixed-use terraced property offers an excellent investment opportunity and is being sold with the benefit of a shorthold tenancy agreement, currently generating an income of £850 per calendar month. The ground floor comprises a prominent shop frontage with a retail area and a useful rear store room, providing practical commercial space with good visibility.
Above, the self-contained first floor flat offers well-proportioned accommodation including a lounge, kitchen, bathroom and three bedrooms, making it suitable for continued residential letting. The property is offered for sale via the Modern Method of Auction with a guide price of £20,000, presenting an attractive prospect for investors seeking immediate returns.
Location
Situated on Frodingham Road, one of Scunthorpe’s main arterial routes, the property benefits from high footfall and passing trade, as well as excellent access to local amenities, shops and public transport links. The area is well established for both residential and commercial use, making this a convenient and practical location for tenants and business operators alike. Scunthorpe town centre and major road connections are within easy reach, further enhancing the long-term investment appeal.
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
CHARLOTTE NEVILL