A SUBSTANTIAL MID TERRACE HOUSE IN AN EXCELLENT LOCATION CLOSE TO PRINCES AVENUE AND PEARSON PARK.

This three storey mid terrace house offers approximately 1700 sq ft of accommodation and an opportunity to investors looking for a substantial property for the HMO/student let market. The property is currently let under a standard RICS lease for 24 months from 3rd October 2014 at a rent of £12,000 pa. On expiry of the lease it does offer the opportunity for a more lucrative income from student lettings as it is estimated that it is capable of generating a gross income when fully let in the region of £20,000 pa.

Tenure

Freehold. Possession: Subject to a periodic assured shorthold tenancy agreement.

Situation

The property is situated close to the popular Princes avenue area and is therefore well located for the university and an excellent range of shops and bars.

Accommodation

Ground Floor: Hall, Living Room, Bedroom Seven, Kitchen, Lobby, WC. First Floor: Landing, Bedroom Three, Bedroom Four, Bedroom Five, Shower Room, Bedroom Six, Shower Room, WC. Second Floor: Bedroom One, Bedroom Two. Outside: To the front is a small forecourt garden, to the rear an enclosed yard.

Viewing

Strictly by appointment with Auction House Hull & East Yorkshire on 0845 400 9900.

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 F

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.