A MIXED USE INVESTMENT PROPERTY CLOSE TO UNIVERSITY CURRENTLY PART LET COMPRISING SHOP UNIT (LET), ONE BEDROOM FLAT (LET), FIVE BEDROOM MAISONETTE (VACANT) CURRENT GROSS INCOME £10,500 PA WITH POTENTIAL FOR CIRCA £25,000 PA WHEN FULLY LET

An excellent mixed commercial and residential investment property located on Beverley Road close to the University. The property is part let and currently produces a gross income of £10,500 pa however the large student let maisonette is currently vacant and provides an opportunity for additional income in the region of £14,400 pa. The property requires some maintenance work to address a problem with penetrating damp but is offered inclusive of all furnishings in Flat A and some furnishings in Flat B.

Tenure

Freehold, subject to the existing lease.

Situation

Beverley Road is a vibrant area being one of the main arterial roads into the City. It is also located close to the University and therefore offers strong demand from students.

Accommodation

Ground Floor: Retail Unit, Staff Area Flat A First & Second Floor: First Floor Landing, Kitchen, Lounge, Bedroom Four, Bedroom Five, Bathroom, WC, Second Floor Landing, Bedroom One, Bedroom Two, Bedroom Three. Flat B Ground Floor: Kitchen, Living Room, Bethroom, Bedroom.

Viewing

Strictly by appointment 0845 400 9900.

Council Tax and Business Rates

The commercial property is assessed as a hairdressers shop and premises and has a current rateable value of £4,350. Hull City Council Property Reference: 10180001041403. The living accommodation are shown in the Council Tax Property Bandings as 'A' verbal enquiry only.

Introducer Agent

PPH Commercial The Hesslewood Estate Ferriby Road Hessle HU13 0LG Tel: 01482 648888

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 D

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

Gosschalks, Queens Gardens, Kingston Upon Hull, HU1 3DZ, Ref: Mr N Johnson, Tel: 01482 324252

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.