For Sale By Auction | 12:00, 15 May 2024

Marlborough Club, 94 Newstead Street, Hull, East Riding of Yorkshire HU5 3NB

*Guide | £180,000 (plus fees)

  • Apartment

Call the team on 0113 393 3482 for more information

Auction Date

Wed 15/05/2024

Auction Time

12:00

Auction Venue

Live Stream

A former pub which has been recently converted into four x one bedroom self-contained apartments, offered for sale via auction. The apartments are presented to a good internal specification. All the apartments are currently tenanted and we understand the block to be generating a gross rental income of £32,700 per annum. This would be a great addition to a rental portfolio. The property is situated off Chanterlands Avenue which is a popular shopping area within the northern part of Hull and offers excellent local amenities including shops, restaurants, public transport and schooling including the Hull University. The City Centre is a short driving distance away and in the centre of Hull is a main line British Rail Station offering intercity services to all parts of the country. Auction House have not inspected the two ground floor apartments and we are unable to confirm the layout and condition of these. Please note: a 16 day completion applies to this lot.

Ground Floor

Communal entrance, 2 x one bedroom apartments (not inspected).

First Floor

Flat 3: Lounge/kitchen area, bedroom and bathroom Flat 4: Lounge/kitchen area, bedroom and bathroom

Externally

Bin store to the rear

Additional Information

Council Tax

Hull City Council

Tenure

Freehold

Charges and Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT

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 - See above

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.