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FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 14TH SEPTEMBER 2022 AT 3.00PM BY ONLINE AUCTION Guide price Circa £400,000 A block of three properties comprising a mixed commercial and residential investment producing an income of £44184 per annum
A mixed commercial and residential investment comprising a terraced block containing three ground floor retail units plus a total of eight apartments across upper floors. Fully let producing an income of £44,184 per annum. Each building provides a lock up shop to the ground floor and separately accessed independent apartments providing from bedsit to 3-bedroomed accommodation. All residential units except one are fully self contained and rear parking is available. The property is VAT free, and offers opportunity to further modernise and increase residential portfolio income.
Tenure
The properties are freehold and sold subject to the existing leases and tenancies.
Location
Beverley Road is a main arterial route (A1079) leading into the city from the north. These properties are located on the northern edge of Hull city centre, about half a mile from the central Paragon railway station and within easy reach of a wide range of central amenities, the historic Old Town area and marina.
Accommodation
21 BEVERLEY ROAD GROUND FLOOR Sales Shop (Approx. 323 sq. ft. / 30 sq. m.) Separate WC Separate side entrance hall to Flat Kitchen (1010" x 113" / 3.08m x 3.44m): Fitted base and wall units, electric oven and gas hob. Dining Room (109" x 96" / 3.32m x 2.93m): Rear entrance door. FIRST FLOOR Landing Living Room (110" x 1810" / 3.35m x 5.52m) Bathroom with WC Bedroom One (910" x 132" / 2.77m x 4.02m) Bedroom Two (99" x 145" / 3.02m x 4.42m) Bedroom Three (75" x 93" / 2.29m x 2.83m) OUTSIDE Rear yard with parking and single garage.
23 BEVERLEY ROAD GROUND FLOOR Sales Shop (Approx. 558 sq. ft. / 51 sq. m) Kitchen Separate WC Separate side entrance hall to residential accommodation Flat C Bed Sitting Room (119" x 130" / 3.63m x 3.96m) Kitchen (1110" x 104" / 3.38m x 3.17m) : With a range of fitted units, electric oven and hob Bathroom / WC FIRST FLOOR Flat B Entrance Lobby Living Room (122" x 136" / 3.72m x 4.15m): Storage heater. Kitchen (64" x 107" / 1.95m x 3.26m): With a range of fitted units. Bedroom (115" x 127" / 3.51m x 3.87m): Storage heater. En Suite Shower Room / WC (104" x 711" / 3.17m x 2.17m) SECOND FLOOR Flat A Entrance Hall: Attic staircase leads off. Kitchen (117" x 136" / 3.57m x 4.15m): With fitted units and storage heater. Living Room (116" x 123" / 3.54m x 3.75m ): With storage heater. Bathroom / WC (71" x 911" / 2.16m x 2.78m) THIRD FLOOR Loft Bedroom (175" x 123" / 5.33m x 3.75m): Storage heater. EXTERNAL Rear yard / parking.
25 BEVERLEY ROAD GROUND FLOOR Reception (67 sq. ft. / 6.2 sq. m.) Waiting Room (95 sq. ft. / 9 sq. m.) Main Workshop (378 sq. ft. / 35 sq. m.) Rear Workshops and Office (266 sq. ft. / 24 sq. m.) Separate side entrance hall to residential accommodation Flat A Bed Sitting Room (140 x 109" / 4.27m x 3.32m): Gas fire. Kitchen (102" x 115 maximum / 3.11m x 3.51m maximum): L-shaped with fitted base units and gas boiler. WC FIRST FLOOR Flat B Bed Sitting Room / Kitchen: With a range of base and wall units, electric oven and hob, gas water heater and door to balcony. Lobby Separate WC Shower and wash basin (accessed via communal landing). Flat C Living Room / Kitchen (225" x 146" narrowing to 90" / 6.86m x 4.45m narrowing to 2.74m): l-shaped with a range of base and wall units, electric oven, gas hob and wall mounted gas boiler. Bedroom (710" x 97" / 2.16m x 2.96m) Bathroom with WC SECOND FLOOR Flat D Entrance Lobby Bathroom with WC Bedroom (88" x 113" / 2.68m x 3.44m) Living Room (146" x 110" / 4.45m x 3.35m) Kitchen (711" x 110" / 2.17m x 3.35m): With fitted units and gas boiler. EXTERNAL Rear yard and parking.
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 12th September 2022 and closing on Wednesday 14th September 2022 at 3.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.
Condition of Sale
The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneers offices, with the solicitors and on-line at www.auctionhouse.uk.net/hullandeastyorkshire prior to the date of the auction.
Guide Price
*Guides are provided as an indication of each sellers 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.
Online Bidding
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
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Local Authority
Hull City Council
Solicitors
Graham & Rosen , 8 Parliament Street, Hull, HU1 2BB, Ref: Adam Waller, Tel: Telephone: 01482 323123. Email: aw@graham-rosen.co.uk.
Offered in association with
Dee Atkinson and Harrison
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - A buyer's 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 0.3% of the purchase price subject to a minimum of £750 (£625 plus VAT)
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.