Lot 53
    Commercial Property
    265 Holderness Road
    Hull, North Humberside, HU8 8TD
    Unsold, the last bid was £78,000. Please refer to Auctioneer for Reserve
     
    Number 1
    A Commercial Investment Producing £12,240 per annum (Inc. VAT). The Property Measures Approximately 1,550 sq ft (143.99 sq m) and the First Floor May be Suitable for Residential Conversion to Provide a Self-Contained Flat (Subject to obtaining all relevant consents).

    Description

    The property comprises a mid terrace building arranged over ground and first floors currently arranged as a ground floor shop with first floor ancillary accommodation.

    Tenure

    Freehold

    Location

    The property forms part of an established parade on a busy main road in Hull amongst local shops and amenities. Nearby multiples include McDonalds, Lloyds Bank, Boots and Ladbrokes. Transport links are provided by Hull Paragon Interchange rail station.

    Tenancy

    The entire building is let to Polska Chata on an FRI Lease for a term of 3 years commencing 2017 at a rent of £12,240 Including VAT per annum.

    Note

    We understand that the current tenants have been in occupation for more than 4 years.

    VAT

    VAT is applicable

    Accommodation (2nd Column)

    Ground Floor
    Shop Area (16'0" Frontage, Depth 55'0", G.I.A 750 sq ft)

    First Floor
    Ancillary Accommodation (G.I.A 800 sq ft)

    Total G.I.A 1,550 sq ft

    Viewing Details

    Commercial premises access during open hours only.
    For all enquiries please contact us directly on 0207 625 9007

    Bold Black Text

    Current Rent Reserved £12,240 Incl. VAT per annum

    Addendum

    Amended Guide Price: £90,000+
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
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    Additional Fees and Disclaimer

    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    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.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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