A LOCKUP SHOP PREMISES LOCATED IN A BUSY POSITION NEAR WILKO & OPPOSITE B&M - EXCELLENT INVESTMENT OPPORTUNITY GENERATING A GROSS INCOME OF £5,100pa.

This lock-up shop is currently let and produces £5,100pa gross rental. The end of terrace ground floor retail unit is in a prominent position in the middle of Driffield town centre with a frontage onto Middle Street South and a return frontage onto Brook Street. The accommodation is all on the ground floor and comprises shop, kitchen area, lobby, WC.

Tenure

Freehold

Location

Located at the south end of the town centre in a busy, high profile location close to Wilko and B&M. Driffield offers an excellent array of amenities including shops, restaurants, public houses, quality sports facilities dedicated to Rugby, Golf, Football, Bowls, Cricket and many others as well as a very highly regarded Secondary School. It also provides excellent road and public transport connections to Beverley, Hull, Bridlington and Scarborough.

Lease

The property is currently let on a six-year lease commencing on the 11th November 2019 until the 10th November 2025 currently at an agreed rent of £5,100pa following a review in November 2022. A copy of the lease will be included in the legal pack.

Services

We believe that all mains services have previously been connected to the building; however, some of these may have been subsequently disconnected and reinstatement might be subject to a connection charge.

Tenure

The freehold of the whole building is included in the sale including the reversionary freehold title of the flat above the shop. The upper floors are sold subject to a long lease at a ground rent payable to the freeholder. Full details will be provided in the legal pack.

Viewings

External Viewings Only

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 22nd May 2023 and closing on Wednesday 24th May 2023 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 www.auctionhouse.uk.net/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 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 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

Legal Pack

A legal pack has been requested from the vendors solicitor and will be made available online as soon as it is received. You can register to receive an email notification when the pack is available by going to auctionhouse.co.uk/hullandeastyorkshire and clicking on the property you are interested in. On the property detail page you will see a red ‘LEGAL PACK’ button which you should click on and it will take you to the registration page.

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 Council

Solicitors

The Wilkes Partnership, 41 Church Street, Birmingham, B3 2RT, Tel: 01212 334 333

Offered in association with

Dee Atkinson and Harrison

Additional Fees

Buyer's Premium - 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.