No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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This property is no longer on the market

Commercial Investment Property   For Sale by Auct
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EPC

Shop

Auction
Sold STC
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Shop
0 bed
0 bath

Property description & features

  • Tenure: Freehold
FOR SALE BY AUCTION This lock-up shop is currently let and produces £5,100pa gross rental.  The end of terrace ground floor retail unit is in a prominent position in the middle of Driffield town centre with a frontage onto Middle Street South and a return frontage onto Brook Street. The accommodation is all on the ground floor and comprises shop, kitchen area, lobby, WC.


Location

Located at the south end of the town centre in a busy, high profile location close to Wilko and B&M.  Driffield offers an excellent array of amenities including shops, restaurants, public houses, quality sports facilities dedicated to Rugby, Golf, Football, Bowls, Cricket and many others as well as a very highly regarded Secondary School. It also provides excellent road and public transport connections to Beverley, Hull, Bridlington, and Scarborough.

Lease

The property is currently let on a six-year lease commencing on the 11th November 2019 until the 10th November 2025 currently at an agreed rent of £5,100pa following a stepped rent increase under the lease in November 2022.  A copy of the lease will be included in the legal pack.

Services

We believe that all mains services have previously been connected to the building; however, some of these may have been subsequently disconnected and reinstatement might be subject to a connection charge.

Tenure

The freehold of the whole building is included in the sale.  The upper floors are sold subject to a long lease at a ground rent payable to the freeholder.  Full details will be provided in the legal pack.

Viewing

Strictly by appointment with the auctioneers on[use Contact Agent Button]

Solicitors

The Wilkes Partnership, 41 Church Street, Birmingham, B3 2RT  Tel: [use Contact Agent Button]

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 22nd May 2023 and closing on Wednesday 24th May 2023 at 3.00pm. 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 auctioneers offices, with the solicitors and on-line at prior to the date of the auction.

Guide Price

*Guides are provided as an indication of each sellers 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:

The purchaser will be required to pay an administration charge of 0.3% of the purchase price subject to a minimum of £750 (£625 plus VAT) and a buyers premium of £480 (£400 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.

ONLINE BIDDING

If you are wanting 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



Property information from this agent

Places of interest

    Dee Atkinson & Harrison are a long established professional Estate Agent offering a friendly and comprehensive selling service which is unrivalled by any of our competitors, in terms of both quality and value for money. With high profile offices in the Market Towns of Driffield, Beverley and Hessle, our agency provides excellent coverage in the East and North Yorkshire areas, while our mailing list and Internet site provide gateways to the National and Global market.

    See more properties like this:

    *DISCLAIMER

    Property reference dah_1938485602. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Dee Atkinson & Harrison - Driffield.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.