42 St. Catherines, Lincoln, Lincolnshire, LN5

Modern Method of Auction T&C's apply

Substantial surgery premises, with significant potential for refurbishment, conversion and further development (stp) 

BUYING CONDITIONS

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

BUYERS INFORMATION PACK

This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, Iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer's solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

LOCATION

Lincoln is the administrative and main shopping centre
for the County of Lincolnshire, with an estimated
urban population of circa 130,000 It is recognised as one of England's finest Cathedral Cities,
attracting over 3 million tourists every year.The Property itself is situated fronting on St Catherines, which is one of the primary vehicular routes into the city centre from the south, less than 2 miles away.

DESCRIPTION

Originally built as a residential dwelling, the Property comprises a substantial and detached surgery premises with accommodation set over ground, first and second floor levels. The Property enjoys a generous plot extending in the region of 0.255 acres and offers excellent potential for conversion, refurbishment and further development (subject to planning).

SERVICES

We understand all mains services are available to the Property. We have not made any formal enquiries or tested any of the service connections. Interested parties are required to undertake their own due diligence into the availability and adequacy of services.

TENURE

The Property is available Freehold and with vacant possession

RATEABLE VALUE

The Property has a rateable value of £22,250.

VIEWINGS

Viewings are strictly via the agents: Pygott & Crone Commercial Ltd36a Silver Street, Lincoln, LN2 1EWJamie Thorpe