This property is an ideal investment opportunity for first-time and experienced investors. The property comprises a maisonette apartment with living room and kitchen on the first floor and a bedroom and bathroom on the second floor. The property is double-glazed throughout and has the benefit of gas-fired central heating.  Although in need of redecoration and some updating, it is priced to reflect this and provides an excellent opportunity to generate a strong annual yield.

Location

The property has on-street parking and is a short distance from both Hull City Centre and Hull Royal Infirmary. The property has an array of local amenities such as bars, shops and takeaways. This property has an abundance of potential.

Accommodation

On the first floor

Hall

Lounge

With double glazed sash style window to the front and a radiator. 

Kitchen 

Fitted kitchen with a range of base units, work surfaces, electric cooker point, stainless steel sink, boiler, radiator and double glazed sash style window to the front. 

Second Floor

Landing

Bedroom 

With double glazed velux style window to the front, eaves storage and a radiator. 

Bathroom 

With panelled bath with mixer tap serving the over bath shower, low-level W/C, pedestal wash hand basin, radiator and double glazed Velux style window.

Services

Understood to be connected to mains electric, water, gas, and drainage but the services have not been tested.

Tenure

The property is understood to be Leasehold and offered with the benefit of vacant possession upon completion.  99 years from 25th December 2006. Full details of the lease will be available in the legal pack.

Ground Rent - Peppercorn

Service Charge:  One third of the total for the building.  We do not have details of any previous payment amounts.

Council Tax Band

Council Tax is payable to the East Riding of Yorkshire Council. The property is shown on the Council Tax Property Bandings List in Valuation Band A.

Viewing

Strictly by appointment with the Auctioneers on 0845 400 9900 

Method of Sale

The property will be offered for sale by online auction with bidding commencing on Monday 8th January 2024 and closing on Tuesday 9th January. 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.

Additional Fees

The purchaser will be required to pay an administration charge of £1,560 (£1,300 plus VAT) and a buyer’s premium of £600 (£500 plus VAT) in addition to the purchase price of the property.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which 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.

Disbursements

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

Online bidding

If you want 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