A one-bedroom apartment located in a purpose-built block in the centre of this vibrant City. The property provides an excellent investment opportunity capable of generating a gross income of over 10% based on the guide price. Briefly comprises entrance hall, living room/kitchen, double bedroom, bathroom. Secure communal entrance and lift access.
Location
Ideally located in the heart of the City Centre this building overlooks Queens Garden’s, a historical and much-loved Hull landmark, ideally located close to the transport hub, bars and restaurants of the City Center, and the always popular Marina.
Communal entrance
Accessed via a secure intercom door entry system leading to a communal stairwell, with both stairs and lift access up to the upper floors.
Communal Landing
Accessed via staircase or lift onto a communal landing area leading into the apartment.
Entrance Hall Entered through a solid wood door, with access to all rooms and storage cupboard to the right, electric heater.
Kitchen Living Room Spacious open plan living/kitchen area with double glazed door and Juliette balcony overlooking Dock Street, electric heater. The kitchen comprises a range of wall and base units in wood effect with contrasting laminate worktops. Fitted with an integrated electric oven and electric hob with extractor over, integrated washer, integrated fridge freezer, and single stainless steel sink with drainage board and mixer taps. N.B. None of the appliances have been tested.
Bedroom Double room with double-glazed window, electric heater, and carpet.
Bathroom Comprising of a three-piece white suite comprising of low flush WC, pedestal sink, panel bath with mixer tap, mixer shower over and screen to side. Tiled walls.
Parking The property does not have parking, however a permit is available from Hull City Council for an annual fee.
Tenure Leasehold. 999 from 1/1/2001
Service charge
166.16 per month, Ground rent - £100 per annum, doubling every 25 years to a max of £1000 per annum
EPC rating: C.
Services Mains water, electricity and drainage are connected. The services have not been tested.
Local Authority This property falls within the geographical area of Hull City Council and is listed as being in Council Tax Band B.
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 1pm on Monday 5th February 2024 and closing on Tuesday 5th February 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 on-line at auctionhouse.co.uk/hullandeastyorkshire, prior to 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 £1,560 (£1,300 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 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.
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 : Leasehold
Council Tax Band : B
