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INVESTMENT OPPORTUNITY, CONVERTED PROPERTY PROVIDING GROUND FLOOR TAXI OFFICE & THREE SELF CONTAINED APARTMENTS ALL FULLY LET AND PRODUCING ANNUAL INCOME OF £15,600.
***SOLD NOW TAKING ENTRIES FOR OUR NEXT AUCTION 16th DECEMBER CONTACT US FOR FURTHER DETAILS*** Representing a superb investment opportunity is this large end of terrace property which has been converted to provide a taxi office to the ground floor and three separate self-contained apartments. The taxi office fronts on to Hessle Road with Flats 1 and 2 at the first floor level and Flat 3 at ground floor level to the rear of the taxi office. All three apartments have replacement double glazing and their own separate gas central heating system provided from a combination boiler and all have modern kitchen and bathroom/shower room fitments. The main structure of the building has undergone improvement works to include re-roofing and a damp proof course.
Tenure
We understand the property to be freehold (subject to confirmation by the vendor's solicitors).
Tenancies
The whole building is fully let producing an annual income of £15,600 made up of the following tenancies: Flat 1: Commencing on 1st July 2015. Rent payable being £60 per week. Flat 2: Commencing on 1st July 2015. Rent payable being £65 per week. Flat 3: Commencing on 16th May 2015. Rent payable being £65 per week. The Taxi Office: Commenced on 23rd March 2015. Rent payable being £5040 per annum. Further annual income of £680 which is received for the billboard hoarding to the side elevation of the building. All four tenancy agreements are available for inspection at the auctioneer’s Hessle office or alternatively will be available within the online legal documentation.
Situation
The property is situated fronting on to Hessle Road in the Gipsyville area of Hull on the western outskirts of the city within a parade of retail outlets and in close proximity to traditional terraced housing within the area. There are regular public transport services to both Hull City Centre to the east and Hessle in a westerly direction together with primary and secondary schooling within the area.
Accommodation
Ground Floor:- Taxi Office: Main Reception Area, Staff Room, Lobby, WC. Flat 3: Private access from the rear, Kitchen, Lounge, Bedroom, Shower Room. First Floor:- Separate access from front of building. Communal Landing Area. Flat 1: Private Hall, Lounge, Bedroom, Kitchen, Bathroom. Flat 2: Private Hall, Lounge/Kitchen, Bedroom, Shower Room. Outside: To the rear there is a useful tarmacadam area.
Viewing
Strictly by appointment with Auction House Hull & East Yorkshire's Hessle office (01482) 644515.
Possession
Subject to existing Tenancy Agreements.
Business Rates/Council Tax
The premises are shown in the ratings list as a Shop and Premises with a rateable value of £2375. Council Tax is payable to the Kingston-Upon-Hull City Council. The property is shown in the Council Tax Property Bandings List in Valuation Band 'B' (verbal enquiry only). Flat 1 and Flat 2 are currently assessed for Council Tax purposes in Council Tax Band A, payable to Kingston-Upon-Hull City Council.
Services
All mains services are connected to the property. NB. Services, apparatus and equipment have not been tested by Auction House Hull & East Yorkshire and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
Energy Efficiency Rating (EPC)
Current Rating TBC
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Local Authority
Hull City Council
Solicitors
Hamers Solicitors, 5 Earls Court, Priory Park East, Hull, East Yorkshire, HU4 7DY, Ref: Mr Paul Worthy , Tel: 01482 326666
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.