Middlemore House and Apartments Middlemore Yard, 55 Castlegate, Grantham, Lincolnshire, NG31 6SN

  • Conditional Online Auction Sale
  • Guide Price * : £750,000 Plus fees

FOR SALE BY CONDITIONAL ONLINE AUCTION.
On behalf of Charles Dyson - Grantham


  • Investment Property Fully Tenanted
  • Grade 2 Listed Town House
  • 8 x Apartments
  • 1 x 1 Bedroom Detached Bungalow
  • EPC Rating: N/A

Property Description

FOR SALE BY CONDITIONAL ONLINE AUCTION.
On behalf of Charles Dyson - Grantham

Investment Property Fully Tenanted

Investment Property Fully Tenanted comprising:


A highly desirable investment property in an excellent location with easy access to shopping, schools, parks and riverside.

Middlemore House is an extensive detached Grade II Listed former Mansion House dating back to 1707, located within a conservation area. Situated in the heart of Grantham and being located close to many local amenities and a short walk to Grantham Train Station this is an ideal investment opportunity. The property has been professionally converted, into a selection of self-contained one and two bedroom dwellings.

The accommodation offered comprising of a spacious characterful 3-story town house, 5 No. one bedroomed apartments, 2 No. two bedroomed apartments plus a two bedroom maisonette. Middlemore House extends to in excess of 8,400 sq feet of living accommodation. There is an attractive courtyard garden plus an extensive private parking area.

In addition, a recently completed high specification stone built detached bungalow which is completely wheelchair accessible. The bungalow has its own gardens, parking, and also a small garage with electrically operated door, with lighting and power.


Tenure
Freehold

Legal Pack

The legal pack will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.


*Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also known as a Guide Price, is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms which is available to download on our SDL Auctions website.


Online Auction Registration

Every online bidder on SDL Auctions must first create an account on the online section of the SDL Auctions website - sdlauctions.co.uk/property-auctions/online/

This is a straightforward process. Starting the registration includes filling out your personal details, verifying your email address, and accepting the Online Auction ‘Terms and Conditions’. Once you have done this you will be able to search, ‘watch’ lots and download legal documents.

After starting the registration process you can come back to it to complete at a later date. We suggest completing the registration process at least 3 working days before the lot is due to end, in case you have any problems and need to contact the auctioneers.

In order to bid, you will need to be authorised for money laundering purposes. This includes uploading copies of two forms of identification and passing a anti-money laundering check. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.


Conditional Online Auction Procedure

If you are the successful bidder you will be legally obliged to buy the property for the full purchase price. You will enter into a reservation agreement with the seller and have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period the sale is secure and the seller is not able to accept other offers. By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.

The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT (or 4.2% Inc VAT in London), subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer.

Full terms and conditions are available on the SDL Auctions website - sdlauctions.co.uk/wp-content/uploads/2019/04/SDL-Auctions_buyer-terms.pdf


Joint Agent

Charles Dyson



Minimum Opening Bid

£625,000

Enter Bid (Min £625,000)

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Joint Agent

For viewings please contact:
Charles Dyson
01476 576688
grantham@charlesdyson.co.uk

Legal Documents

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