September 2022: Thursday 01 September 2022 - 9:00am
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    Key features

    • Investment let at 25,800 pa (11.22% on Guide Price) Plus two vacant flats
    • Comprises two ground floor retain units together with residential (two substantial flats) on the other parts
    • Immediate asset management opportunities including letting the upper parts
    • Opportunity to add value
    • High Yielding on Guide Price
    • 6 Week Completion
    • VAT-free Investment

    Description

    The property is currently arranged to provide two ground floor shops and two self contained flats at the first and second floors.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note that the floor areas have provided by the vendor


    388 Beverley Road - Ground, Retail - 95.37 sq m (1,016 sq ft)

    390/392 Beverley Road - Ground, Retail - 193.53 sq m (2,083 sq ft)

    388-392 - First/Second, Residential

    Flat 1 - 132 sq m (1,421 sq ft) - approximate measurement taken from the EPC and should not be relied upon

    Flat 2 - 83 sq m (893 sq ft) - approximate measurement taken from the EPC and should not be relied upon


    Total Commercial Area - 288.90 sq m (3,099 sq ft)

    Tenancy

    388 Beverley Road - Let to an individual for 5 years from 06/03/2019 at a rent of £9,000 pa

    390/392 Beverley Road - Let to an individual for 5 years from 09/09/2019 at a rent of £16,800

    388-392 - Vacant Possession


    Total Rent - £25,800 pa

    Rent

    £25,800

    Notes

    VAT is not applicable.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Kingston upon Hull is a port city and is located on the northern banks of the River Hull at its confluence with the Humber Estuary, 50 miles east of Leeds, 34 miles south east of York and 54 miles north east of Sheffield. Prominently situated within a traditional retail parade some 2 miles north of Hull city centre on Beverley Road (A1079) which is a major arterial road.  The immediate area is a mix of commercial and residential use to include student lets.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums