Full description
for sale by public auction on 16th January 2019 at the Beverley Race Course.
Guide price £50,000 - £55,000
A residential investment property comprising two self contained flats previously producing A rental income of £6,960 per annum.
Description - This semi-detached property formerly comprised of a ground floor shop with a flat over but more recently has been converted into two self-contained one bedroom flats. Although currently vacant, each flat has previously been let at a monthly rental of £290 giving a total gross annual return of £6,960. Each unit has gas central heating and is partly double glazed. Although some cosmetic improvement would be beneficial, this would, in the agent's opinion, lift the rental value.
Location - The flats are located on Newbridge Road, close to the Southcoates Lane end, just a few minutes walk from the busy Holderness Road.
Communal Hall - With doors off to:
Flat 1 Living Room - 3.41m x 3.09m (11'2" x 10'2") -
Hallway
Flat 1 Kitchen - 2.68m x 2.44m (8'10" x 8'0") -
Shower Room
Flat 1 Bedroom - 3.43m max x 2.39m (11'3" max x 7'10") -
First floor
Flat 2 Living Room - 4.35m x 3.47m (14'3" x 11'5") -
Flat 2 Bedroom - 3.44m x 2.82m (11'3" x 9'3") -
Flat 2 Kitchen - 2.37m x 1.50m (7'9" x 4'11") -
Shower Room Two
Outside - Rear Yard with pedestrian access.
Services - All mains services are connected to the property. These have not been tested by Auction House.
Tenure - Freehold with vacant possession on completion.
Buyers Premium - The purchaser will be required to pay a buyers premium charge of £2,200 inc. VAT in addition to the administration charge for the property.
Administration Charge - The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) in addition to the purchase price of the property.
Method Of Sale - The property will be offered for sale by public auction on Wednesday 16th January 2019 at 6.30pm at The Beverley Racecourse, York Road, Beverley, East Riding of Yorkshire, HU17 8QZ. Tel: For further legal information relating to this lot please log on to .
Conditions Of Sale - The property will be sold subject to the conditions of sale, copies of which will be available for inspection at the auctioneer's office and with the solicitors prior to the date of the auction.
*Guide Price - *Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Disbursements - Please see the legal pack for any disbursements that may become payable by the purchaser on completion.
Viewing - Strictly by appointment through Auction House Hull & East Yorkshire on Solicitor - Mr Tim Hale of Graham & Rosen 8 Parliament Street, Hull, HU1 2BB Tel:
Disclaimer: Dee Atkinson & Harrison for themselves and for the vendors or lessors of this property, whose Agents they are, give notice that these particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a Contract. No person in the employment of Dee Atkinson & Harrison has any authority to make any representation or warranty whatever in relation to this property.
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