Lambert Street, Hull

£75,000

Guide price

  • Bedrooms: 5
***SOLD NOW TAKING ENTRIES FOR OUR NEXT AUCTION 24TH FEBRUARY 2016 CONTACT US FOR FURTHER DETAILS*** GUIDE PRICE £75,000 TO £85,000* A MIXED RESIDENTIAL & COMMERCIAL INVESTMENT PROPERTY CLOSE TO NEWLAND AVENUE & THE UNIVERSITY. THE HOUSE HAS PREVIOUSLY LET TO STUDENTS & THE LET COMMERCIAL GARAGE. HAS A CURRENT INCOME OF £2,100. POTENTIAL TOTAL GROSS INCOME IN REGION OF £23,700 PA

Description

This bay fronted end of terrace house has previously been let to students and provides centrally heated and double glazed accommodation over three floors including five letting bedrooms, communal lounge, shower room and modern kitchen. The property is offered to include all furnishings but would benefit from some general maintenance. Based on previous rental figures the property is considered capable of achieving a gross rental income when fully let in the region of £22,500 per annum including the current rent received of £2100 per annum from the commercial garage premises located to the rear.

The garage premises provide approximately 1000 ft of workshop space and are let on a rolling tenancy.

Ground floor

Hall

With single radiator and fire alarm controls.

Bedroom Five

12'4 x 11'5 (3.76m x 3.48m)

With single radiator and bay window

Living Room

13'4 x 11' (4.06m x 3.35m)

With single radiator and TV aerial point.

Kitchen

20'1 x 8'6 (6.12m x 2.59m)

Fitted with a range of modern high gloss kitchen units including stainless steel sink, floor, wall and drawer units, stainless steel fronted single oven, four ring ceramic hob, extractor canopy, integrated dishwasher, plumbing for automatic washing machine, breakfast bar, double radiator and wall mounted gas central heating boiler.

Landing

With single radiator and smoke detector.

Bedroom Two

12'4 x 11'5 (3.76m x 3.48m)

With single radiator and alcove cupboard.

Bedroom Three

13'4 x 12'9 max (4.06m x 3.89m max)

With double radiator and pedestal wash hand basin.

Bedroom Four

12'10 x 8'6 (3.91m x 2.59m)

With double radiator

Separate WC

With low level WC, pedestal wash hand basin and extractor fan.

Shower Room

. With shower cubicle and the pedestal wash hand basin.

Lobby

With staircase to the second floor and single radiator

Bedroom One

16'2 x 6'7 (4.93m x 2.01m)

With single radiator, eaves storage cupboard and smoke detector.

Outside

Small forecourt and enclosed rear yard

Garage premises & current tenancy details

The single story property provides approximately 1000 sq ft of workshop space and was let on a five year commercial tenancy from 1st March 2010 at a rent of £175 per calendar month. This has now expired but the tenant remains in the property and is still paying the rent.

Services

All mains services are connected to the property

Tenure

The property is held under Freehold title. The residential elements is vacant and the commercial element is sold subject to the existing occupancy

Viewing

Strictly by appointment through the sole agents.

Council tax and business rates

The commercial property is assessed as a vehicle repair workshop and premises and has a current rateable value of £2,075. Hull City Council Property Reference: 1008019800551B. The living accommodation is shown in the Council Tax Property Bandings as 'A' verbal enquiry only.

Solicitor

Mr N Johnson, Gosschalks Solicitors, Queens Gardens, Dock Street, Hull, East Yorkshire HU1 3DZ. Tel: 01482 324252.

Introducer Agent

PPH Commercial

The Hesslewood Estate

Ferriby Road

Hessle

HU13 0LG

Tel: 01482 648888

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.

Method of Sale

The property will be offered for sale by public auction Wednesday 16th December 2015 at 6.30pm at the Beverley Racecourse, York Road, Beverley, HU17 8QZ. Telephone 01482 867488.

*Guide Price

*Guides are provided as an indication of each sellers 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.

Disclaimer: Dee Atkinson & Harrison for themselves and for the vendors or lessors of this property, whose Agents they are, give notice that these particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a Contract. No person in the employment of Dee Atkinson & Harrison has any authority to make any representation or warranty whatever in relation to this property.

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