Map2 bedroom apartment
Auction
Apartment
2 beds
667 sq ft / 62 sq m
Key information
Tenure: Leasehold
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Tenure: Leasehold
- Mixed use residential and commercial property
- Prime City Centre location
FOR SALE BY ONLINE AUCTION WEDNESDAY 20th November 2024 AT 9.00AM. *GREAT OPPORTUNITY*To acquire mixed use commercial and residential investment*Turnkey commercial unit with long leasehold (999 years)*Potential rental income of £9,500 per annum - ideal investment with immediate income stream. Comes with tenanted two bedroom flat occupying the 3 upper floors of the building*
*This commercial unit is currently vacant. With annual rental income of £9,500 per annum*
*The property also comes with a tenanted two bedroom flat set over first, second and third floors, with a balcony to the rear. The monthly rental income for the flat is £595pcm (£7,140 per annum), giving the portfolio a potential income of £16,640. Fantastic yield of 11.2% at Guide Price*
*The property is located on a busy retailing street, near Hull city centre. There are many shops, takeaways and other amenities in the area, with residential flats above. Close vicinity to the University of Hull.*
*RECENT SALES IN THE LOCAL AREA*
- 24 Fairfax Avenue, HU5 4RD - (3 bedroom, terraced) £175,000 (Jun'24)
- 89 Fairfax Avenue, HU5 4QN - (3 bedroom, terraced) £165,000 (May'24)
- Apartment 24 Oldroyd House, HU5 3FB (Flat) £160,000 (May'24)
*Hull has a population of around 269,000*There are local shopping centres within this area with busy independent traders. However, for a more extensive shopping experience Hull city centre, Cottingham village and the historic market town of Beverley are just a short commute from the property.*
*The Paragon road and rail interchange is easily accessed from the property creating good connections to the city centre and the outbound rail links to Leeds, York, London etc.*
*For the growing family there are highly reputable schools, colleges and academies to choose from. The University of Hull is close by*Both of the major hospitals are just a short commute from property with Hull Royal infirmary in Hull city centre and Castle Hill Hospital within the village of Cottingham*
*Other amenities which are conveniently placed close by include a health centre, post office and library*For those wishing to spend leisure time with family and friends there are many busy, vibrant and well visited caf bars and restaurants to choose from along Chanterlands Avenue, Newland Avenue, and Princess Avenue*The historic Pearson Park is also nearby*
GUIDE PRICE - £149,000
To view legal documents relating to this property please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/ Special Conditions in the Legal pack to confirm.
All prices quoted are exclusive of VAT.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
*This commercial unit is currently vacant. With annual rental income of £9,500 per annum*
*The property also comes with a tenanted two bedroom flat set over first, second and third floors, with a balcony to the rear. The monthly rental income for the flat is £595pcm (£7,140 per annum), giving the portfolio a potential income of £16,640. Fantastic yield of 11.2% at Guide Price*
*The property is located on a busy retailing street, near Hull city centre. There are many shops, takeaways and other amenities in the area, with residential flats above. Close vicinity to the University of Hull.*
*RECENT SALES IN THE LOCAL AREA*
- 24 Fairfax Avenue, HU5 4RD - (3 bedroom, terraced) £175,000 (Jun'24)
- 89 Fairfax Avenue, HU5 4QN - (3 bedroom, terraced) £165,000 (May'24)
- Apartment 24 Oldroyd House, HU5 3FB (Flat) £160,000 (May'24)
*Hull has a population of around 269,000*There are local shopping centres within this area with busy independent traders. However, for a more extensive shopping experience Hull city centre, Cottingham village and the historic market town of Beverley are just a short commute from the property.*
*The Paragon road and rail interchange is easily accessed from the property creating good connections to the city centre and the outbound rail links to Leeds, York, London etc.*
*For the growing family there are highly reputable schools, colleges and academies to choose from. The University of Hull is close by*Both of the major hospitals are just a short commute from property with Hull Royal infirmary in Hull city centre and Castle Hill Hospital within the village of Cottingham*
*Other amenities which are conveniently placed close by include a health centre, post office and library*For those wishing to spend leisure time with family and friends there are many busy, vibrant and well visited caf bars and restaurants to choose from along Chanterlands Avenue, Newland Avenue, and Princess Avenue*The historic Pearson Park is also nearby*
GUIDE PRICE - £149,000
To view legal documents relating to this property please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/ Special Conditions in the Legal pack to confirm.
All prices quoted are exclusive of VAT.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
About this agent
Online Property Auctions Scotland - Glasgow
1008 Pollokshaws Road
Glasgow, Scotland
G41 2HG
0141 376 3438Online Property Auctions Scotland are revolutionizing the way buyers and sellers engage in the property market. Offering a fast, transparent, and accessible platform, our auctions provide an innovative alternative to traditional property transactions. Whether you're a seasoned investor or a first-time buyer, Online Property Auctions Scotland eliminate the need for lengthy negotiations and streamline the entire process, allowing participants to bid from the comfort of their own homes. With Scotland's diverse property market—from bustling city apartments to serene countryside estates—Online Property Auctions Scotland open up a world of opportunity, making it easier than ever to secure your ideal property.