Land
DRAFT DETAILS
A superb development opportunity to acquire a development site with planning permission granted for the erection of 4 x two bedroomed apartments with parking.
Planning was granted by Hull City Council under Ref 20/00857/FUL dated 3rd March 2021.
The development will comprise of a two and half storey building containing four luxury two bedroomed apartments over the first and second floor and covered parking to the ground floor.
A great build to rent opportunity or individual re-sale.
A superb letting location which is equidistant to the city centre and University. A further array of shops, bars and restaurants only a few minutes away on Newlands Avenue.
A great letting location for the University of Hull with potential rental income to students of £40,000 per annum inclusive.
The auctioneers have not inspected the site.
Parking for five cars.
Consisting of -
Hall
Open Plan Lounge/Kitchen/Diner
Shower Room/wc
Bedroom One
Bedroom Two
Study/Bedroom Three
Hall
Cloakroom/wc
Open Plan Lounge/Kitchen/Diner
Bedroom One
Bedroom Two
Shower Room
Consisting of -
Hall
Cloakroom/wc
Open Plan Lounge/Kitchen/Diner
Bedroom One
Bedroom Two
Study/Bedroom Three
Shower Room
Hall
Cloakroom/wc
Open Plan Lounge/Kitchen/Diner
Bedroom One
Bedroom Two
Shower Room
We believe there maybe Japanese Knotweed on site. Interested parties are to rely on their own investigations.
Vacant.
Planning was granted by Hull City Council under Ref 20/00857/FUL dated 3rd March 2021. Interested parties are advised to inspect the legal and planning documents as to the suitability of the approval.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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