A One Bedroom Investment Opportunity - For Sale by Auction
This first-floor studio apartment is offered to the market as an excellent investment opportunity with a long-term tenant in situ. The double-glazed property has electric heating and a dedicated parking space. Currently let on a recently renewed 6 month Assured Shorthold Tenancy, the property produces a gross income of £4,740 pa (£395 pcm)
Location
The Historic Town of Hedon is located just off the A1033, approximately seven miles to the east of the centre of Hull. A weekly market is held in St Augustines Gate where a variety of local shops can be found. Considered as the Gateway to Holderness, Hedon also serves many of the nearby villages.
ACCOMMODATION
Hall
With carpet flooring and a storage cupboard.
Living Room/Bedroom
With a double glazed window to the rear elevation, carpet flooring and an electric storage heater.
Kitchen
With a double-glazed window to the side elevation, wall and base units, work surfaces, space for fridge-freezer, stainless steel sink, electric oven and vinyl flooring.
Bathroom:
With vinyl flooring, a step-in shower cubicle, a pedestal sink, a low level WC and partially tiled walls.
Council Tax
From a verbal enquiry/online check we are led to believe that the Council Tax band for this property is Band A( East Riding Of Yorkshire). We would recommend a purchaser make their own enquiries to verify this.
Viewing
Strictly by appointment with the sole agents on 01482 866844.
Tenure
The property is understood to be leasehold, held on a 120 year lease from 1st March 1983 (78 Years remaining) Full details of any ground rent and service charge will be provided in the legal pack.
Possession
The property is sold subject to the existing assured shorthold tenancy to a long term tenant who has recently signed a new 6 month AST.
Method of Sale
The property will be offered for sale by our National online auction with bidding commencing at 1.00pm on Monday 2nd September 2024 and closing on Wednesday 3rd September at 1.00pm. For further legal information relating to this lot please go 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.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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.
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 : A
