Property description

INVESTMENT OPPORTUNITY - THREE SELF CONTAINED FLATSFor sale by modern method of auction; STARTING BID PRICE £70,000.

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.

INTRODUCTION
INVESTMENT OPPORTUNITY - THREE SELF CONTAINED FLATSFor sale by modern method of auction; STARTING BID PRICE £70,000. Located in one of Hull's most popular buy to let areas, this fantastic opportunity to acquire three self contained flats - two currently tenanted. The flats are split into one studio, one duplex flat and one ground floor two bedroom flat. With the potential gross annual rent estimated at £12,600, this should offer an attractive annual yield for any investor. ..... This property is for sale by The East Yorkshire Property Auction Powered by IAM-SOLD LTD.

LOCATION
Spring Bank offers a variety of local amenities including shops, easy access to the city centre, public houses and local eateries. Although the City centre is only approximately 10 minutes' walk away, there are many bus services offering transport to both the City Centre and the railway station.

ACCOMMODATION
The property is arranged on three floors and briefly comprises as follows:

COMMUNAL ENTRANCE HALL

FLAT 1

ENTRANCE HALL

LOUNGE - 13' 4'' Into Recess x 19' 4'' (4.06m x 5.89m)

BEDROOM - 15' 4'' Max x 11' 9'' (4.67m x 3.58m)

HALLWAY
Leading down to...

REAR LOBBY
With double glazed door leading to the rear garden.

DINING KITCHEN - 13' 2'' x 12' 11'' (4.01m x 3.93m)

BATHROOM - 7' 5'' x 6' 2'' (2.26m x 1.88m)

BEDROOM 2 - 12' 4'' x 11' 3'' (3.76m x 3.43m)

FLAT 2

ENTRANCE HALL

BATHROOM - 6' 8'' x 10' 3'' (2.03m x 3.12m)

LOUNGE - 12' 5'' x 10' 5'' Max (3.78m x 3.17m)

DINING KITCHEN - 12' 5'' x 11' 3'' (3.78m x 3.43m)

FLAT 3 (DUPLEX FLAT)

ENTRANCE HALL
With fitted staircase leading to second floor.

LOUNGE - 15' 9'' x 19' 7'' Max (4.80m x 5.96m)

BATHROOM - 8' 2'' x 5' 7'' (2.49m x 1.70m)

KITCHEN - 9' 3'' x 13' 4'' Max (2.82m x 4.06m)

SECOND FLOOR

BEDROOM 1 - 13' 7'' x 22' 5'' Skirting To Skirting (4.14m x 6.83m)

BEDROOM 2 - 6' 0'' x 7' 9'' (1.83m x 2.36m)

FIXTURES AND 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 Hull - Newland Avenue office on 01482 343399. 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
• Reservation Fee Applicable
• The Modern Method Of Auction
• View, Bid & Buy
• Online Bidding Available