Property for sale

A substantial detached property comprising a single-storey retail sales shop with excellent storage and a total floor area of 3,400 sq ft (316 sq m). The retail area has an internal frontage of about 30ft / 9m including double glazed door and windows with roller shutters. Separate side entrance to delivery area, and large stock room to rear. There is an open forecourt area to this unit and the adjacent parade of shops which includes Heron Frozen Food, Dove House Hospice retail, Lloyds Pharmacy, William Hill and a OneStop convenience store.  The property is currently let on a 5 year lease from July 2024 and produces a gross income of £16,800pa.

Location

Marfleet Lane is part of Hull's outer ring road, between Hedon Road and Holderness Road, two of the city's busy arterial routes in from the east. The property is close to the Preston Road junction with an Aldi supermarket and car park around the corner from the unit

Services

Mains water, electricity and drainage are believed to be connected but have not been tested.

Tenure  

Freehold.  Sold subject to the existing five year lease that commenced on 1st August 2024.  A copy of the lease will be available in the legal pack.

Business Rates

The property has a rateable value of £19,250.

Energy Assessment

TBC

Services

All mains services are believed to be connected but have not been tested.

Viewing

Strictly by appointment with Auction House on[use Contact Agent Button]

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday, 25th November 2024, and closing on Wednesday, 27th November, at 1.00 pm. To register to bid and 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 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), 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.