A MIXED RESIDENTIAL & COMMERCIAL INVESTMENT PROPERTY CLOSE TO NEWLAND AVENUE & THE UNIVERSITY. THE HOUSE HAS PREVIOUSLY LET TO STUDENTS & THE LET COMMERCIAL GARAGE. HAS A CURRENT INCOME OF £2,100. POTENTIAL TOTAL GROSS INCOME IN REGION OF £23,700 PA

This bay fronted end of terrace house has previously been let to students and provides centrally heated and double glazed accommodation over three floors including five letting bedrooms, communal lounge, shower room and modern kitchen. The property is offered to include all furnishings but would benefit from some general maintenance. Based on previous rental figures the property is considered capable of achieving a gross rental income when fully let in the region of £22,500 per annum including the current rent received of £2100 per annum from the commercial garage premises located to the rear. The garage premises provide approximately 1000 ft of workshop space and are let on a rolling tenancy.

Tenure

The property is held under Freehold title. The residential elements is vacant and the commercial element is sold subject to the existing occupancy

Accommodation

Ground Floor: Hall, Bedroom Five, Living Room, Kitchen. First Floor: Landing, Bedroom Two, Bedroom Three, Bedroom Four, Separate WC,, Shower Room, Lobby, Bedroom One. Outside: Small forecourt and enclosed rear yard.

Garage Premises & Current Tenancy Details

The single story property provides approximately 1000 sq ft of workshop space and was let on a five year commercial tenancy from 1st March 2010 at a rent of £175 per calendar month. This has now expired but the tenant remains in the property and is still paying the rent.

Viewing

Strictly by appointment with Auction House Hull & East Yorkshire on 0845 400 9900

Council Tax and Business Rates

The commercial property is assessed as a vehicle repair workshop and premises and has a current rateable value of £2,075. Hull City Council Property Reference: 1008019800551B. The living accommodation is shown in the Council Tax Property Bandings as 'A' verbal enquiry only.

Introducer Agent

PPH Commercial The Hesslewood Estate, Ferriby Road, Hessle HU13 0LG. Tel: 01482 648888

Services

All mains services are connected to the property. NB. Services, apparatus and equipment have not been tested by Auction House Hull & East Yorkshire and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.

Energy Efficiency Rating (EPC)

Current Rating F

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

Gosschalks, Queens Gardens, Kingston Upon Hull, HU1 3DZ, Ref: Mr N Johnson, Tel: 01482 324252

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee

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