A superb Commercial Investment property currently producing £11,750 pa with further potential for conversion of upper floor storage to two, two bedroom apartments.

***STILL AVAILABLE CONTACT US FOR FURTHER DETAILS*** This superb Commercial Investment property currently produces £11,750 pa with further potential for conversion of upper floor storage to create two, two bedroom apartments (subject to renewal of previously expired planning consent). The property is located on the edge of the City centre, close to the Savile Street shopping area and Queens gardens The property is a fairly modern double unit with the ground floor currently let to Quattro recruitment Ltd on a nine year lease from 1 February 2013. The current passing rent is £11,750 per annum. The total ground floor area of the combined unit is 111 sq m ( 1,195 sq ft). The first floor has previously had planning consent to convert the storage area into two, two-bedroom apartments which gives tremendous potential for an increase in rental income at minimal expense. The property also comes with four car parking spaces.

Tenure

Freehold. Sold subject to the existing lease.

Situation

George Street is located to the east of Hull city centre and runs parallel to Dock Street within close proximity to the BBC studios, Police Headquarters, Queen's Gardens and Savile Street retailing area. Both commercial and residential occupiers are attracted to the area.

Accommodation

The accommodation briefly comprises (all areas and dimensions approximate): Shop unit 1: Internal shop width 5.10 m (16'8), Maximum shop depth 10.94 m (35'11) Plus storage and staff WC, Ground floor area 55.92 sq m (602 sq ft) Shop unit 2: Internal shop width 5.02 m (16'6), Maximum shop depth 10.94 sq m (35'11 sq ft), Plus storage and staff WC,Ground floor area 55.08 sq m (593 sq ft) External: Four car parking spaces.

Joint Agents

PPH Commercial Hesslewood Hall, Ferriby Rd, Hull, Hessle HU13 0LG. tel 01482 648888

Services

Purchasers should make their own enquiries.

Previous planning Consent

Details of the previous consent can be obtained from the Hull city council planning department website under reference 12/00425/COU. Plans previously approved are reproduced in these particulars for information purposes only.

Viewing

Please contact the auctioneers for an appointment Tel: (01377) 241919.

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

HCB Solicitors,, 679 Warwick Road, Solihul, West Midlands B91 3DA, Ref: Sam Jones, Tel: 0121 703 3627

Additional Fees

Administration Charge - The purchaser will be required to pay an administration charge of £600 (£500 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.