Property

Location

The property is situated in the heart of Hull city centre in close proximity to the Transport Interchange with a general mix of retail and food & drink outlets in the immediate vicinity.

Accommodation

Ground Floor

Bar and customer WCs.  Door to Cellar 38 sq m (409 sq ft) with general head height 1.6m (5’ 3”) beneath the majority of the bar area with barrel drop to Paragon Street. 

First Floor

Landing, Living Room, Kitchen and Bathroom.

Second Floor

Two double bedrooms.

Fixture & Fittings

Fixtures and Fittings are included with the exception of personal belongings and cellar equipment belonging to the brewery. 

Business Rates & Council Tax

The property is described as ‘Public House & Premises’ with a Rateable Value of £7,500 (2023 Rating List). Under current legislation, a qualifying small business will benefit from full rate relief. We understand the living accommodation is assessed in Band A for Council Tax purposes.

Services

Mains gas, electric, water, and drainage but the services have not been tested.  Heating is provided by a gas-fired boiler.  

VAT

The purchase price of the property is subject to VAT.  Please see the legal pack for further details.

Tenure

The property is understood to be freehold and offered with the benefit of vacant possession upon completion. 

Viewing

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

Energy Performance Certificate

The EPC's will follow.

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 22nd January 2024 and closing on Wednesday 24th January 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.

Additional Fees

The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) subject to a minimum of 0.3% of the sale price including 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.

Online bidding

If you want 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