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Located at basement and ground floor levels and offering a great opportunity for refurbishment into two flats (subject to any consents required), this property will appeal to developers and investors. It comprises two interconnected units that can easily be made self-contained as each has its own entrance. The basement offers one-bedroom accommodation and has an internal staircase leading up to the ground floor three-bedroom unit. To the rear is a large garage that could be made into additional living space (subject to planning consent). The property is in need of modernisation but offers great potential.
The lot encompasses the basement and ground floor (5 South Street), together with the reversionary interest from the 3 upper floor flats comprised within 5a South Street, these generating a ground rent income of £70pa
Location.
Situated in a lovely residential area close to the wonderful gardens and walking routes of The Esplanade and the local transport links and amenities of Ramshill Road. The amenities close by include; convenience stores, hotels, pubs and eateries, salons, pharmacies, butchers and more.
Accommodation
Ground Floor
Entrance Hall
With radiator.
Bedroom One
With radiator, two window to the front
Bedroom Two
With radiator, window to the side
Living Room
With radiator. Opening to the kitchen
Kitchen
With integrated hob and oven, breakfast bar, base and wall units, open plan to the living room, staircase down to the basement.
Rear Hallway
Leading to the bathroom, bedroom three and the garage. Exit door to the rear
Bathroom
With three piece suite and radiator
Bedroom Three
With radiator
Garage
With roller shutter door and personal door.
The basement comprises:
Bedroom
Living Room
Kitchen
Box Room
Bathroom
Services
All main services are connected to the property but have not been tested.
Tenure
Freehold with vacant possession upon completion.
EPC rating: TBC
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday 23rd September 2024 and closing on Wednesday 25th Sptember at 1.00pm. 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 online at auctionhouse.co.uk/hullandeastyorkshire, before the date of the auction.
Additional Fees
The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) subject to a minimum of 0.3% of the sale price including VAT and a buyer’s premium of £600 (£500 plus VAT) in addition to the purchase price of the property.
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 before 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.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Online bidding
If you want 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
Tenure : Freehold
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