property
For sale by auction - Tuesday 6 October 2015
At the Best Western Bentley Hotel, Newark Road, South Hykeham, Lincoln, LN6 9NH
Commencing at 11.30am
Unique opportunity to acquire the former Newark Boys Club
Requiring major upgrading, modernisation and improvement
Excellent potential for conversion into residential or other use, subject to the necessary planning consents
Situated in the sought after town of Newark
EPC Rating: TBC
A unique opportunity to acquire a deceptively spacious traditional property situated on this pleasant residential street and within easy reach of Newark Town Centre. Formerly used for Newark District Scout Organisation.
The property is in need of major improvement, modernisation and upgrading, however has great scope and potential for conversion to residential or other use, subject to the necessary planning consents. Internal inspection is strongly advised to fully appreciate the size and nature of building. Ideal investment opportunity
The accommodation comprises:
Entrance Hallway
With stairs off to mens and ladies wc.
Main Function Room 40ft 6 x 27ft 8
Having six radiators.
Separate Room 12ft 9 x 7ft 6
With radiator.
Kitchen Area 10ft 9 x 9ft
With range of base units, single drainer sink unit, combination boiler, further storage room.
Additional Room 19ft 4 x 10ft 8
Basement
Room One 40ft x 20ft 7
Room Two 10ft 2 x 10ft 7
Room Three 12ft x 10ft 1
Room Four 10ft 7 x 12ft
Outside
Small courtyard area belonging to the property.
Tenure
Freehold. Vacant possession on completion.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale 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 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
Viewings
By appointment with the auctioneers - 0115 958 8702.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary.
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