A SUBSTANTIAL THREE STOREY MIXED COMMERCIAL/RESIDENTIAL BUILDING OFFERING GREAT POTENTIAL FOR AN EXCELLENT INCOME

This substantial three storey building provides an excellent opportunity for investors looking to purchase a vacant property that requires some manageable refurbishment before being let. The ground floor of the building has permission for A1 use and has previously been used as a funeral directors although this use will be prohibited in the contract. The upper floors comprise of two self contained one bedroom flats that require some cosmetic improvement. On completion of refurbishment, it is the agents opinion that the flats are capable of generating an income in excess of £8,000 pa. The addition of income from the ground floor if let could take the total income to in excess of £12,000pa.

Tenure

Freehold with vacant possession on completion.

Accommodation

Ground Floor: Reception, Office, Hallway, Store. First Floor: Apartment One - Kitchen, Shower Room, Bedroom, Hallway, Sitting Room. Second floor: Apartment Two - Kitchen, Bathoom, Bedroom, Hallway, Sitting Room.

Viewing

Ground Floor: Reception, Office, Hallway, Store. First Floor: Apartment One - Kitchen, Shower Room, Bedroom, Hallway, Sitting Room. Second floor: Apartment Two - Kitchen, Bathoom, Bedroom, Hallway, Sitting Room.

Rates

The rateable value is rounded down to £3,100 for this property as of 1st April 2017. Local authority reference BRI856025000N.

Joint Agent

PPH Commercial Hesslewood Hall Ferriby Road Hull, Hessle HU13 0LG.

Services

All Mains water, electricity and drainage are connected to the property, these services have not been tested by Auction House.

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

East Riding of Yorkshire Council

Solicitors

DLA Piper UK LLP, Victoria Square House Victoria Square, Birmingham, B3 2DL, Ref: Sophie Murtough, Tel: 020 7349 0296.

Offered in association with

PPH Commercial

Additional Fees

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.

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