Property for sale
Property description & features
A vacant freehold ground and first-floor retail premises with return frontage onto Sidmouth Street providing approx. 1924 sq ft of ground floor space and 697 sq ft to the first floor. The retail accommodation requires renovation. To the rear, approached from an external steel staircase, is a self-contained one-bedroom flat that could produce a reasonable investment income. The retail space falls within use class E and can, therefore, be used for general retail, office, professional services and cafe.
Location
Newland Avenue is a very popular area and is handy for Hull University. The area boasts excellent amenities, including shops, bars, bistros, and restaurants, and it is also conveniently located for easy access to Hull city centre.
Accommodation
Shop Premises (details taken from the rating list).
DescriptionArea m2/unitArea Sq Ft/unitGround Floor retail zone a55.62599Ground Floor retail zone b49.8536Ground Floor retail zone c45.53490Ground Floor remaining retail zone26.52285Ground Floor staff toilets1.3214First Floor retail area64.71697Total243.52621First Floor ApartmentLiving room/Kitchen with fitted units, oven, hob and extractor (no tested).
Bedroom with fitted wardrobes.
Bathroom with three-piece suite including WC.
Tenure: Freehold with vacant possession upon completion. Please refer to the legal pack for full details.
Services: Mains water, electricity, gas, and drainage are believed to be connected. None of the services have been tested.
Council Tax: Council Tax is payable to the Hull City Council. The flat is shown in the Council Tax Property Bandings List in Valuation Band A.
Business Rates: Business Rates are payable to the Hull City Council. The property's rateable value is currently £24,250.
Viewing: Internal viewings will not be available on the shop premises due to the lack of electricity to power the electric roller shutters. Viewings on the flat are available by prior appointment with the auctioneers on[use Contact Agent Button].
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 25th November 2024 and closing on Wednesday 27th November 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) and a buyer’s premium of 1.2% of the hammer price (1% plus VAT) subject to a minimum of £900 (£750 + 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.
Solicitor
James Cranshaw of V C Law Ltd, 56 Tithebarn Street, Liverpool, Merseyside, L2 2SR
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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Property reference dah_1408182714. 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.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength: obtained from Ofcom on July 14, 2023
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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
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Energy Performance data and Internal floor area
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