Property description

FANTASTIC POTENTIAL FOR INVESTMENT!!! AUCTION PROPERTY - PLEASE REGISTER YOUR INTEREST EARLY

INTRODUCTION
For sale by modern method of auction; STARTING BID PRICE £95,000 PLUS RESERVATION FEE ....Fantastic mixed use development comprising ground floor hair salon with self-contained cooking and sanitary facilities as well as self-contained first floor apartment, currently rented at £360 per month, with gated access to the rear. The property is situated in a popular area of East Hull close to many local amenities and public transport routes and with a potential combined income of approximately £10,800 per annum ..... This property is for sale by The East Yorkshire Property Auction Powered by IAM-SOLD LTD

SALE METHOD
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to the Modern Method of Auction, which is operated by The East Yorkshire Property Auction powered by iam-sold Ltd. TO VIEW OR MAKE A BID, Contact Beercock, Wiles & Wick or visit: www.agentauctionpage.co.uk.

LOCATION
The property is conveniently located for Holderness Road which offers a vast array of shopping facilities; public transportation and leisure facilities are available at East Park and the Woodford Leisure Centre.

ACCOMMODATION
The property is arranged on two floors and briefly comprises as follows.

HAIR SALON
In two areas 17'1\" x 14'6\" and 13'10\" x 17'1\" and including a separate treatment room. Continuing onto a ...,

KITCHEN/BACK OFFICE AREA - 10' 0'' x 11' 0'' (3.05m x 3.35m)
With a fitted range of wall and base units and roll edge laminated work surface.

STORE - 7' 9'' x 3' 8'' (2.36m x 1.12m)
With storage cupboard,.

SEPARATE W.C.
With tiled walls, low level w.c. and wash hand basin.

FIRST FLOOR

SELF-CONTAINED APARTMENT
Comprising ...

LOUNGE - 17' 4'' x 13' 11'' plus bay (5.28m x 4.24m)

BEDROOM - 13' 11'' x 11' 2'' (4.24m x 3.40m)

BATHROOM - 7' 0'' x 6' 7'' (2.13m x 2.01m)
With low level w.c., pedestal wash hand basin, panelled bath with mixer shower over and splashback tiling.

BREAKFAST KITCHEN - 10' 0'' x 11' 8'' (3.05m x 3.55m)
With a fitted range of wall and base units, roll edge laminated work surface and breakfast bar, storage cupboard, gas point for cooker, plumbing for automatic washing machine and door giving access to stairs to the ground floor rear access.

OUTSIDE
To the rear of the property there is an enclosed garden area with gated access.

AGENTS NOTE
We understand the current income to be £4320 per annum for the self-contained apartment with a potential income of £6500 per annum for the salon and however the agent has not had sight of any income statements nor use class permission granted on the use for either proportion of the building and recommends that any discerning purchaser make their own enquiries in this respect.

COUNCIL TAX
Council Tax is payable to the Kingston Upon Hull City Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band A.*

FIXTURES & FITTINGS
Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.

DISCLAIMER
*The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.

VIEWINGS
Strictly by appointment with the sole agents.

MORTGAGES
We will be pleased to offer independent advice regarding a mortgage for this property, details of which are available from our Holderness Road Office on 01482 320000 Independent advice will be given by Licensed Credit Brokers. Written quotations on request. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

VALUATION/MARKET APPRAISAL
Thinking of selling or struggling to sell your house? More people choose Beercock Wiles & Wick in this region than any other agent. Book your free valuation now!

Property Features :

• For Sale by Auction - T & C´S Apply
• Reservation Fee Applicable
• The Modern Method of Auction
• View, Bid & Buy
• Online Bidding Available