FOR SALE BY ONLINE AUCTION on WEDNESDAY 20th SEPTEMBER 2023 Guide Price £45,000 to £50,000. A two bedroom mid-terrace house let and generating £5,200pa gross.

This residential investment currently produces a rent of £5,200 per annum and represents an opportunity to achieve a gross income of over 10%. It has been let to the current tenant for 18yrs. The property has two bedrooms, plus a converted loft space and a good sized area of garden to the rear. A two storey extension contains the kitchen, with bathroom above and gas central heating is installed. Scope exists for modernisation and upgrading, which would increase rental value.

Tenure

Freehold

Location

Abbey Street is in an area of terraced housing around 1.25 miles to the east of the centre of Hull. It is located near two arterial routes into the city and therefore enjoys easy access to the city’s main road network and a wide range of local amenities which are found along nearby Holderness Road.

Accommodation

GROUND FLOOR Hallway: Understairs cupboard. Through Lounge / Dining Room: Two radiators and staircase leading off. Kitchen: Fitted round with base and wall cabinets including electric oven and hob. Plumbing for automatic washing machine, radiator, uPVC double glazed window and wall mounted gas boiler. FIRST FLOOR Landing: Radiator. Bedroom One: Radiator. Bedroom Two: Radiator. Bathroom / WC: Three piece suite and radiator. SECOND FLOOR Loft Room: Velux roof window. Radiator. EXTERNAL Good-sized fully fenced garden area with rear pedestrian access.

Services

All mains services are connected to the property. None of the services or installations have been tested.

Tenure

Freehold. Sold subject to the existing tenancy.

Viewings

Please refer to the video online. Personal viewing strictly by prior appointment with the auctioneers. Telephone: 01482 866844.

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 18th September 2023 and closing on Wednesday 20th September 2023 at 3.00pm. 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 auctioneers offices, with the solicitors and on-line at www.auctionhouse.uk.net/hullandeastyorkshire prior to the date of the auction.

Online Bidding

If you are wanting 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

Legal Pack

A legal pack has been requested from the vendors solicitor and will be made available online as soon as it is received. You can register to receive an email notification when the pack is available by going to auctionhouse.co.uk/hullandeastyorkshire and clicking on the property you are interested in. On the property detail page you will see a red ‘LEGAL PACK’ button which you should click on and it will take you to the registration page.

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Council Tax is payable to the Kingston-upon-Hull City Council. The property is shown in the Council Tax Property Bandings List in Valuation Band 'A' (verbal enquiry only).

Solicitors

Pepperells Solicitors, 100 Alfred Gelder St, Hull HU1 2AE, Ref: John Taylor, Tel: 01482 326511

Offered in association with

Dee Atkinson and Harrison

Additional Fees

Buyer's Premium - £480 (£400 + VAT) in addition to the purchase price of the property

Administration Charge - The purchaser will be required to pay an administration charge of 0.3% of the purchase price (0.25% plus VAT) subject to a minimum charge of £750 (£625 plus VAT) and a buyers premium of £480 (£400 + VAT) in addition to the purchase price of the property. Please see the legal pack for any disbursements that may become payable by the purchaser on completion.

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

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