Lot 1 - 645 Anlaby Road, Hull, North Humberside, HU3 6SX
- Unconditional Online Auction Sale
- Guide Price* : £80,000 plus
- Commercial and residential investment Let at £10,400 per annum Convenient location Trading as a takeaway
- Let at £12,600 per annum
- Good location
- Trading as a takeaway
ON BEHALF OF THE FIXED CHARGE RECEIVERS: Mixed use investment let on at a combined annual equivalent rent of £12,600
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 to the first floor above.
The ground floor is configured with a sales counter area at the front, kitchen and food preparation areas to the rear. The flat has a kitchen, bathroom and a further 3 rooms. The whole property is let, with a commercial lease for the takeaway and an AST for the flat at an annual equivalent rent of 12,600 and will be sold with the tenants in situ.
Location
Anlaby Road (A1105) is an established commercial location and the property is situated close to an Aldi supermarket and a McDonalds drive through. The city centre is approximately 1.75 miles t the east.
Tenure
Freehold.
Accommodation
Ground Floor (Takeaway): 78.67sq.m (846 sq. ft)
First Floor(Flat): 78.18 sq.m (842 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 retail element is let from from 11/11/23 to 11/11/29 with a 5 year rent review pattern and rent is £650 per month. The AST supplied expired on 4/7/23 rent reserved was £368 but we are informed it is now £400 per month and therefore the combined annual equivalent rent is £12,600.
EPC
Energy Performance Asset Rating Commercial - C and the Flat EPC - G
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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