The property presents as a traditional public house with the ground floor providing an open bar, newly fitted with traditional finishes creating an attractive trading area. Customer WCs are situated to the rear. Stairs lead to the upper floor accommodation, providing 2 bedrooms at the second floor level with a lounge, kitchen and bathroom on the first floor. The premises have been subject to a programme of renovation recently.
Location
The property is situated in the heart of Hull city centre in close proximity to the Transport Interchange with a general mix of retail and food & drink outlets in the immediate vicinity.
Accommodation
Ground Floor
Bar and customer WCs. Door to Cellar 38 sq m (409 sq ft) with general head height 1.6m (5’ 3”) beneath the majority of the bar area with barrel drop to Paragon Street.
First Floor
Landing, Living Room, Kitchen and Bathroom.
Second Floor
Two double bedrooms.
Fixture & Fittings
Fixtures and Fittings are included with the exception of personal belongings and cellar equipment belonging to the brewery.
Business Rates & Council Tax
The property is described as ‘Public House & Premises’ with a Rateable Value of £7,500 (2023 Rating List). Under current legislation, a qualifying small business will benefit from full rate relief. We understand the living accommodation is assessed in Band A for Council Tax purposes.
Services
Mains gas, electric, water, and drainage but the services have not been tested. Heating is provided by a gas-fired boiler.
VAT
The purchase price of the property is subject to VAT. Please see the legal pack for further details.
Tenure
The property is understood to be freehold and offered with the benefit of vacant possession upon completion.
Strictly by appointment with the Auctioneers on 0845 400 9900
Energy Performance Certificate
The EPC's will follow.
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 22nd January 2024 and closing on Wednesday 24th January at 1.00pm. 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.
Additional Fees
The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) subject to a minimum of 0.3% of the sale price including 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
