Presently two flats are let to long-term tenants producing an income of £6,746 per annum. The auctioneers estimate that once the third unit is let, it will increase the annual income to approximately £10,950.

***SOLD NOW TAKING ENTRIES FOR OUR NEXT AUCTION 17th AUGUST 2016 CONTACT US FOR FURTHER DETAILS*** This substantial three storey Victorian property is divided into three self-contained one bedroomed flats requiring internal improvement but boasting replacement double glazing to all three units. Presently two flats are let to long-term tenants producing an income of £6,746 per annum. The auctioneers estimate that once the third unit is let, it will increase the annual income to approximately £10,950. Ideal as a first investment property, the property would also be suitable as an addition to an existing portfolio and has been offered at a realistic guide price.

Tenure

Freehold. Possession subject to the existing Tenancy Agreements.

Situation

Albany Street, which is situated on the western fringes of the city of Hull, has been subject in recent times to a Government Improvement Scheme and has now become one of the more attractive tree-lined avenues within the area. There are also well-designed parking bays within the street which are interspersed with raised tree and flower borders. Albany Street adjoins The Avenues Conversation Area which includes the popular and vibrant Princes Avenue with a variety of attractive café bars and restaurants. Spring Bank, which Albany Street is directly off, has an excellent variety of local shopping to include an Iceland frozen food outlet and there are regular public transport links to Hull City Centre which is also within a comfortable walking distance. Hull Royal Infirmary and West Park, the home of the KC Stadium, are also close-by.

Accommodation

Ground Floor: Communal Entrance Porch and Communal Entrance Hall. Flat 1: Lounge, Kitchen, Inner Hallway, Bedroom and Bathroom. First Floor: Communal Landing. Flat 2: Private Entrance Hall, Lounge, Kitchen, Bedroom and Bathroom. Flat 3: Lounge and Kitchen. Second Floor: Flat 3: Bedroom, Bathroom and Box Room. Outside: Communal rear garden.

Viewing

Strictly by appointment with Auction House Hull & East Yorkshire. Hessle office 01482 644515.

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.

Joint Agent

Dee Atkinson & Harrison, 6 Hull Road, Hessle HU13 0AH

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

Quality Solicitors Lockings, St Marys Court, Lowgate, Hull, East Yorkshire, HU1 1YG., Ref: Ms Lesley Connor

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.