Next auction Thursday 22nd February 2.30PM

414 Beverley Road, Kingston upon Hull, HU5 1LP



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Guide price

£295,000+


Property Type

Mixed Use

Bedrooms

5


Key Features

  • Large mixed use investment property fully let and producing £30,000 per annum excl
  • Comprising a barbers shop, 4 bedroom student accommodation and a self contained 1 bed flat
  • Next Block Viewing: Tuesday 18th April at 10:00am - Please arrive promptly

Part of the 27 April 2023 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a large mixed use investment property comprising a retail unit, four bedroom student accommodation and a well presented one bedroom self contained flat. Fully let and producing £30,000 per annum excl

  • Approximately 1 mile south-east of Hull University Campus
  • Campus is 6 minutes by bike or 5 minutes by car
  • Occupying a prominent corner position on busy Beverley Rd
  • Within a popular and established student rental location
  • Hull University hosts 16,000+ students from 100 Countries
  • University is England's 14th oldest with 2,500 employees
  • Comprising a large mixed use property
  • Halo's Barbers shop fronting Beverley Road
  • Providing 4 bedroom student accommodation over 2 floors
  • Communal lounge, kitchen and WC's/bathrooms
  • Good sized rooms within this spacious period property
  • Includes a well presented self contained 1 bedroom flat
  • Representing a high yielding investment opportunity
  • Fully let with a current rent of £30,000 pa excl

Contact Auction Estates on (0115) 7844600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold subject to the existing tenancies relating to the Barbers Shop, 4 bed student accommodation and 1 bed flat. Combined rent £30,000 per annum excl

Refer to Legal Pack

Email: rr@bwslaw.co.uk
Telephone: 01509232611

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