Commercial Property
Vacant freehold central high street location. Potential for mixed use (lockup shop with residential flats above).
Spilsby is a prominent and historic Lincolnshire market town. Spilsby has benefitted from continued population growth over the last 2 census periods, and has a large catchment area due to its close proximity to Lincoln City. This busy town is serviced by a good balance of both national and local retails which include the likes of Sainsburys, Coop, Coop Pharmacy, Age UK, Cooplands and Lloyds Bank. The property is adjacent to, and believed to originally be a part of the home where world renowned arctic explorer and British Navy Officer, Sir John Franklin was born in April 1786.
The property occupies a pleasant, and central position in the heart of Spilsby. The town itself offers a wide range of facilities and amenities, along with good access to Boston, Skegness and the City of Lincoln.
A traditionally constructed Grade II Listed mid terrace shop unit, with substantial living accommodation to the rear and first and second stories.
The property does require renovation.
With double display window frontage and additional rear storage area with sash window to the rear elevation.
With boiler, double glazed window to the side elevation.
From boiler room stairs rising to first floor landing with roof light window.
Timber and glazed sash window to the front elevation.
Timber and glazed sash window to the front elevation.
Low level flush w.c, corner wash basin, timber and glazed sash window to the rear elevation.
With pedestal wash hand basin, panelled bath, airing cupboard, timber and glazed sash window to the rear elevation.
Timber and glazed sash window to the front elevation.
Timber and glazed sash window to the front elevation, access to the roof space.
A generous town garden space with external access from ‘Franklins Passage’.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
