Newland Avenue, HU5

A vacant freehold ground and first-floor retail premises with return frontage onto Sidmouth Street providing approx. 1924 sq ft of ground floor space and 697 sq ft to the first floor.   The retail accommodation requires renovation. To the rear, approached from an external steel staircase, is a self-contained one-bedroom flat that could produce a reasonable investment income.  The retail space falls within use class E and can, therefore, be used for general retail, office, professional services and cafe.  

Location

Newland Avenue is a very popular area and is handy for Hull University. The area boasts excellent amenities, including shops, bars, bistros, and restaurants, and it is also conveniently located for easy access to Hull city centre. 

Accommodation

Shop Premises (details taken from the rating list).

Living room/Kitchen with fitted units, oven, hob and extractor (no tested).

Bedroom with fitted wardrobes.

Bathroom with three-piece suite including WC.

Tenure: Freehold with vacant possession upon completion.  Please refer to the legal pack for full details.  

Services: Mains water, electricity, gas, and drainage are believed to be connected. None of the services have been tested.

Council Tax:  Council Tax is payable to the Hull City Council. The flat is shown in the Council Tax Property Bandings List in Valuation Band A.

Business Rates:  Business Rates are payable to the Hull City Council. The property's rateable value is currently £24,250.

Viewing:  Internal viewings will not be available on the shop premises due to the lack of electricity to power the electric roller shutters.  Viewings on the flat are available by prior appointment with the auctioneers on 0845 400 9900.

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 25th November 2024 and closing on Wednesday 27th November at 1.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.

Conditions of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.

Additional Fees

The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) and a buyer’s premium of 1.2% of the hammer price (1% plus VAT) subject to a minimum of £900 (£750 + VAT) in addition to the purchase price of the property.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Disbursements

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Solicitor

James Cranshaw of V C Law Ltd, 56 Tithebarn Street, Liverpool, Merseyside, L2 2SR

Online bidding

If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c