Lot 5 - 801 Hessle Road, Hull, North Humberside, HU4 6QE

  • Unconditional Online Auction Sale
  • Guide Price* : £70,000 plus
  • Commercial and residential investment
  • Let at £10,400 per annum
  • Convenient location
  • Trading as a takeaway

ON BEHALF OF THE FIXED CHARGE RECEIVERS: Mixed use investment let on a single lease at an annual equivalent rent of £10,400

Description

The property comprises a mid terrace mixed use property, with the ground floor currently trading as a takeaway and there is a separately accessed flat above. The ground floor is configured with a sales counter area at the front, kitchen and food preparation areas to the rear, walk in fridge and freezer external lean too and WC. The flat is accessed via steps at the rear and provides a kitchen, bathroom and a further 3 rooms. The owner has installed an external heat source pump and solar panels. The ground floor also uses a gas supply. The whole property is let on a single lease at a rent of £200 per month, equivalent to £10,400 per annum and will be sold with the tenant in situ.

Location

Fronting Hessle Road in an established and busy location for commercial uses and approximately 2 miles to the west of the city centre.

Tenure

Freehold.

Accommodation

We detail below the following gross internal areas:

Ground Floor: 80.30 sq.m (864 sq. ft)
First Floor: 66.60 sq.m (717 sq.ft)

Outside

Rear yard.

Tenancies

Please note that the Receiver has not adopted their powers of management over the property and have agreed with the borrower that they will continue to manage the properties and collect the rent until they are sold. Therefore the tenancy and rent information is based upon information provided by the borrower and cannot be verified by the Receiver. The copy documents supplied will be in the Legal pack.

We understand that the whole property is let from 01/04/23 to 01/4/2029 at £200 per week, equivalent to £10,400 per annum, with a 5 year rent review pattern.

EPC

Energy Performance Asset Rating Flat- C and the commercial EPC- B

Buyers Administration Fee

There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.

Additional Information

1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.

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Additional Documents

Office Contact

James Ashworth
0161 967 0122
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Important Documents

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