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No longer on the market

This property is no longer on the market

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Property

Auction
Property
6,738 sq ft / 626 sq m
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Tenure: Freehold
  • Block of 6 apartments
  • Annual Income approx. £30,000
  • Scope to develop (STPP)
  • Land and parking to the rear
  • Popular buy to let location
  • 5x Freehold titles
FOR SALE BY AUCTION: terms and conditions apply.

We are pleased to offer to auction this block of 6 apartments, well located along Princes Avenue, Hull. The apartments are located within easy reach of local amenities, transport links and schools. The annual rental income is approximately £30,000, with potential to improve the building and increase the potential rental income. The property also sits on a generous plot, providing further potential to develop the rear into the existing land and car park, subject to planning, with similar nearby properties already setting a precedent.

Please note we have not inspected this property.

Rooms

Location
The subject property is well located along Princes Avenue. The block of apartments are in a prime position on the corner of Park Avenue to Princes Avenue, which is placed opposite Pearson Park that's within walking distance to many cafes, bars, shops and restaurants that Princes Avenue and Newland Avenue have to offer. The subject property is located approximately 3.9 miles from Hull city centre and approximately 37.7 miles from York city centre.

Accommodation
GROUND FLOOR Shared entrance hallway and stairs. Flat 1: Kitchen/ Living room, Bedroom, and a bathroom. Flat 2: Living room, kitchen, Bedroom 1, Bedroom 2, bathroom, and W.C. FIRST FLOOR Flat 3: Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, and Bathroom. Flat 4: Kitchen, Living Room, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, and Bathroom. SECOND FLOOR Flat 5: Kitchen, Living room, Bedroom 1, Bedroom 2, Bathroom and Storage Room. Flat 6: Kitchen, Living room, Bedroom 1, Bedroom 2, and Bathroom.

Income
Flat 1 - £395 pcm Flat 2 - £350 pcm Flat 3 - £675 pcm Flat 4 - £395 pcm Flat 5 - £325 pcm Flat 6 - £350 pcm Total rental income - £2,490 (£29,880 annually)

Tenure
FLAT 1, 141 PRINCES AVENUE – Freehold. Title Number: HS142162 FLAT 2, 141 PRINCES AVENUE - Freehold. Title Number: HS118874 FLAT 3, 141 PRINCES AVENUE - Freehold. Title Number: HS35056 FLAT 4, 141 PRINCES AVENUE - Freehold. Title Number: HS17176 FLAT 5, 141 PRINCES AVENUE - Freehold. Title Number: HS131679 FLAT 6, 141 PRINCES AVENUE - Freehold. Title Number: HS131679

EPC
FLAT 1, 141 PRINCES AVENUE - Rating E FLAT 2, 141 PRINCES AVENUE - Rating D FLAT 3, 141 PRINCES AVENUE - Rating E FLAT 4, 141 PRINCES AVENUE - We currently await a copy of the Energy Performance Certificate. FLAT 5, 141 PRINCES AVENUE - Rating D FLAT 6, 141 PRINCES AVENUE - We currently await a copy of the Energy Performance Certificate.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is
central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300
members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many
property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have... Show more
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