Studio for sale
Key information
Property description & features
- Tenure: Leasehold
This first-floor studio apartment is offered to the market as an excellent investment opportunity with a long-term tenant in situ. The double-glazed property has electric heating and a dedicated parking space. Currently let on a recently renewed 6 month Assured Shorthold Tenancy, the property produces a gross income of £4,740 pa (£395 pcm)
Location
The Historic Town of Hedon is located just off the A1033, approximately seven miles to the east of the centre of Hull. A weekly market is held in St Augustines Gate where a variety of local shops can be found. Considered as the Gateway to Holderness, Hedon also serves many of the nearby villages.
ACCOMMODATION
Hall
With carpet flooring and a storage cupboard.
Living Room/Bedroom
With a double glazed window to the rear elevation, carpet flooring and an electric storage heater.
Kitchen
With a double-glazed window to the side elevation, wall and base units, work surfaces, space for fridge-freezer, stainless steel sink, electric oven and vinyl flooring.
Bathroom:
With vinyl flooring, a step-in shower cubicle, a pedestal sink, a low level WC and partially tiled walls.
Council Tax
From a verbal enquiry/online check we are led to believe that the Council Tax band for this property is Band A( East Riding Of Yorkshire). We would recommend a purchaser make their own enquiries to verify this.
Viewing
Strictly by appointment with the sole agents on[use Contact Agent Button].
Tenure
The property is understood to be leasehold, held on a 120 year lease from 1st March 1983 (78 Years remaining) Full details of any ground rent and service charge will be provided in the legal pack.
Possession
The property is sold subject to the existing assured shorthold tenancy to a long term tenant who has recently signed a new 6 month AST.
Method of Sale
The property will be offered for sale by our National online auction with bidding commencing at 12.00 noon on Monday 22nd July 2024 and closing on Wednesday 24th July at 1.00pm. For further legal information relating to this lot please go 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 online at auctionhouse.co.uk/hullandeastyorkshire, before 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.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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 before 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.
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
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*DISCLAIMER
Property reference dah_1348626210. 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 - Auction House, Hull & East Yorkshire.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on March 9, 2022
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: obtained from Ofcom on March 9, 2022
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
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