FOR SALE BY ONLINE AUCTION

Description

This property provides an opportunity to investors to acquire a mixed residential and commercial unit that, although currently vacant, is capable of generating an excellent return.  The upper floor comprises two self-contained flats (one 2 bed and one bedsit) that have been refurbished recently including new kitchens and bathrooms and are ready to be re-let.  They have previously been let at £400 pcm each. The ground floor shop requires further refurbishment but provides a generous retail and storage space of approx 675 sq ft (previously used as a hair salon) and could be finished in a short period of time.  We estimate that upon completion of the shop refurbishment the property could generate an income of approximately £1,200 pcm (£14,400pa) when fully let.

Location

Located to the East of the City centre, a wealth of local amenities can be found in and around the Holderness Road area, shops, supermarkets, cafes and pubs are all nearby as well as the Mount Pleasant retail park.

Accommodation

Retail area

First Floor:  Flat 1 - Living kitchen, two bedrooms (one single and one double), shower room with WC.

Second Floor:  Flat 2 - Living Kitchen, double bedroom, shower room.

Outside: Rear yard.

Services:   All main services are believed to be connected to the property.

Tenue: Freehold with vacant possession upon completion.

Viewing: Strictly by appointment with the auctioneers on 01482 866844. 

Solicitors:Rahima Akhtar

CLS Solicitors,  24, Station Lane, Featherstone, WF7 5BE

Tel: 01977 707999

Method of Sale:

The property will be offered for sale by online auction with bidding starting at 12 noon on Monday 14th March and closing on Wednesday 16th March 2022 at 3.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.

Conditions of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer's offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.

Guide Price

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures that a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide

Online Bidding Information

If you are wanting to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c

Offered in association with Dee Atkinson and Harrison

Additional Fees

Buyer's Premium - The purchaser will be required to pay a buyers premium of £480 (£400 plus VAT) in addition to the purchase price of the property.

Administration Charge- The purchaser will be required to pay an administration charge of £750 (£625 plus VAT) in addition to the purchase price of the property.

Disbursements- Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.