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

Venue: Online

This part let investment opportunity is a traditional mid terraced mixed use building set within a small parade of neighbourhood shops and comprises a ground floor lock up shop unit with the remainder of the building divided into two one bedroomed flats. A larger first floor flat, along with the shop, is vacant and these parts could readily be occupied as a live-work unit although are currently each self contained and separated. Upgrading of the living accommodation is required. The rear ground floor living space is let on an assured shorthold tenancy and we understand the rent passing is £3,900 per annum.

Location
Corporation Road is a busy thoroughfare under a mile north west of the town centre and a short distance from the A180, leading to the motorway network. The locality is a mixture of housing and business premises.

Accommodation
RETAIL UNIT

Sale shop, kitchen with sink unit and separate WC.



Ground Floor Flat: (Not inspected.) Understood to comprise a bedroom, kitchen, living room and bathroom.

First Floor Flat: Landing, living room, bedroom, bathroom / WC and kitchen.

EXTERNAL

Access to the flats is via a rear right of way and shared yard area which also contains a store building (approx. 80 sq. ft. / 7.4 sq. m.).

Tenure
Freehold, subject to existing tenancy.

Services
All mains services are connected to the property. None of the services or installations have been tested.

Business Rates
Rateable value £2,475.

Viewings
Strictly by appointment through our Beverley Office on 01482 866844.

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 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.

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.

Viewings

Additional Fees
Buyers Premium - A buyer?s premium of 1.2% of the hammer price (1% plus VAT) subject to a minimum of ?900 (?750 + VAT) in addition to the purchase price of the property.
Administration Charge - The purchaser will be required to pay an administration charge of ?900 (?750 plus VAT)
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.