Mixed Use
A mixed-use property in Hull, currently let producing £12,600 per annum.
Situated in a busy position on Hessle Road, surrounded by a mixture of commercial and residential properties is this mixed-use property. The property comprises a ground floor commercial premises currently let producing £400 per calendar month and two flats above, one let producing £300 per calendar month and one let producing £350 per calendar month. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
The property is surrounded by all necessary amenities and services including a good range of transport links, allowing quick and easy travel into Hull City Centre. Transport links include good road links with the A63 nearby, regular bus services and train services which operate from Hull Railway station.
Please be advised that the lot is being sold by receivers who have no personal knowledge of the property, and are therefore not in a position to respond to queries, and we are asked not to submit preliminary enquiries. The auctioneers have likewise not personally inspected the property. Prospective buyers are directed to clause 40 in the special conditions regarding occupancy, and are advised to make a viewing enquiry and undertake any other necessary independent investigations before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
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 Fixed Fee.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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.
