The property comprises a modern detached three-storey mixed-use commercial property on the ground and first floor that benefits from its own private separate access. The ground floor is currently vacant and was formally utilised as a convenience store. Hence, it benefits from class E use that can be utilised for retail, office, financial services, cafe & restaurant, with the forecourt providing a seating area. The first floor is accessed via its own private entrance and is suitable for conversion into residential use (subject to planning). The second floor consists of two x 1 bedroom flats, and is accessed via the rear private car park. The ground floor has previously been let for £19,000pa. Flats 1 & Flat 2 are let with the tenants currently paying £395 per calendar month. each, providing a total income of £9,480 per annum and the potential to increase to £28,480 when fully let or more with the conversion of the first floor.
Location
The premises are situated in a highly visible position fronting Beverley Road which forms the main arterial road leading to Hull City Centre from the north which is located approximately 2 miles away. The surrounding area consists of a mixture of student accommodation, private renting, residential, bars, restaurants and retail and is located direct opposite a petrol filling station.
Accommodation
The following floors have been measured in accordance with the prevailing RICS Code of Measuring Practice.
Ground Floor: 2,476 Sq Ft ( 230.02 sq.m.)
First Floor: 2,476 Sq Ft ( 230.02 sq.m.)
Second Floor - Flat 1: 698 sq ft ( 64.84 sq.m.)
Second Floor - Flat 2: 575 sq ft (53.42 sq.m.)
Outside: To the rear of the building, approached via a 10ft access is a large tarmac car park.
Service Charge
There is no service charge implemented on this property.
EPC Rating
The commercial element of the property had an EPC rating of D(85) but the EPC has now expired. A new EPC has been commissioned and will be available prior to the auction
Flat 1 EPC - C(73)
Flat 2 EPC - C(76)
Services
We believe that mains gas, electric, water and drainage are connected to the property. Interested parties are advised to make their own independent enquiries.
Business Rates & Council Tax
The Property has a rateable value of £10,500
The flats are both listed as being in Council Tax Band A
Tenure
Freehold. Vacant possession on the ground and first floor. Sold subject to the two existing tenancies on the second floor.
Joint Agents
Garness Jones 01482 564564.
Viewing
Strictly by appointment with the Auctioneers on 0845 400 9900 or Garness Jones on 01482 564564.
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 September, at 1.00 pm. To register to bid and 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 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 0.3% inc. VAT (0.25% + VAT) subject to a minimum of £900 (£750 plus 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 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.
Tenure : Freehold
Council Tax Band : A
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