For sale by auction on Wednesday, 22 May 2024 at 1.00 pm

Venue: Online

Occupying a busy trading position in the heart of the town centre, close to the junction with Seaside Road, amongst nearby multiples such as Boots, Post Office, Aldi, McColls, Cooplands, Coral, Heron Foods and Lloyds Bank as well as a variety of local traders. The property was previously let to Betfred who were paying £18,500pa rent on FRI terms. Now vacant it offer the opportunity for reletting or for division to create two or three smaller units.



A mid-terrace building comprising a ground-floor sales area with separate rear access to 2 Self-Contained Flats (not included) at the first-floor level. In addition, the property benefits from the use of a rear service road.

Location
The coastal town of Withernsea is a popular tourist destination lying approx. 24 miles east of Hull and enjoying good road access via the A1033.

Accommodation
Ground Floor Shop

Gross Frontage 47?7?

Internal Width (front) 46?3?

Rear Width 30?4?

Shop Depth 29?2?

Built Depth 64?0?

Sales Area Approx. 1,100 sq.ft.

Kitchen Area Approx. 95 sq.ft

2 Customer WCs Approx. 230 sq.ft

1 Staff WC

First Floor (2 Flats)
2 Flats - Not inspected. Each held on 999 years leases at a peppercorn ground rent. Only the freehold of these flats is being sold.

VAT
VAT is NOT applicable to this Lot

Services
All mains services are believed to be connected to the property but have not been tested.

Buisness Rates
The current rateable value of the property is £9,300

Viewings
Strictly by appointment with the auctioneers on 0845 400 9900

Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 20th May 2024 and closing on Wednesday 22nd May 2024 at 1.00pm.

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 www.auctionhouse.uk.net/hullandeastyorkshire prior to the date of the auction.

Legal Pack
A legal pack has been requested from the vendors solicitor and will be made available online as soon as it is received. You can register to receive an email notification when the pack is available by going to auctionhouse.co.uk/hullandeastyorkshire and clicking on the property you are interested in. On the property detail page you will see a red ?LEGAL PACK? button which you should click on and it will take you to the registration page.

Viewings

Additional Fees
Buyers Premium - ?600 (?500 plus VAT) in addition to the purchase price of the property.
Administration Charge - 0.3% of the purchase price subject to a minimum of ?900 (?750 plus VAT)
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.

Price Information
* 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.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.