House For Sale £175,000
Ideal Investment Opportunity
Guide Price: £175,000+
For sale by online auction on 08/05/2023 12:00, ending on 08/05/2023 18:15.
UK Property Group are excited to bring to the market this fantastic mixed use investment opportunity
35 LEADS ROAD COMMERCIAL SPACE - This Ground Floor commercial space was previously utilised as a fish and chip shop for many years but is now let as an Indian Takeaway and is currently being re-furnished. It benefits from the sort after Sui Generis business class usage (hot food takeaway). The front of house comprises of a good-sized commercial space ideal for serving/dining/seating area. There is a newly fitted kitchen with further separate food preparation areas and storage beyond. There is off street parking for customers directly in front of the shop which can easily be accessed due to the recently installed dropped curbs and off street parking along Leads Road.
1ST FLOOR FLAT - This 1st floor flat is accessed via a separate external staircase to the rear of the property. Front door leads into a well-proportioned kitchen which benefits from a range of wall and base units, built in cooker, hob and extractor and a sink with mixer tap. There is a good-sized lounge area, large master bedroom, and two good sized storage cupboards. The bathroom has a white pedestal sink, WC and shower cubicle. The flat is in good condition throughout and benefits from wood effect flooring and carpets, Gas Central Heating and UPVC windows and doors.
37 LEADS ROAD 3 BED HOUSE - This well maintained 3 bed property comprises of an open plan kitchen living space with breakfast bar, a range of wall and base units. Built in cooker with hob, extractor hood and sink with mixer tap. Three good sized bedrooms (one on ground floor, two upstairs) and a family bathroom. There is a separate utility space for a washer/dryer. There is laminate flooring and carpets throughout. Gas Central Heating and UPVC windows and doors. There is an off road parking space for the house directly in front of the property.
OUTSIDE REAR OF PROPERTIES. To the rear of the property there is a large garage, outbuildings for the commercial unit including staff toilet facilities, a patio and garden area. Rear access to the property is privately accessed and gated with secure locking facilities.
INCOME
Flat is currently let on a 1 year rolling AST achieving £459 PCM
Shop is currently to be let on a new lease achieving £450 PCM
House is currently let on a 1 year rolling AST achieving £720 PCM
Total Income amount £1629 PCM
Note: Some utility charges are included in the the flat and house rent only.
The domestic properties are due for a rent review to bring them in line with current rental amounts in the area.
LOCATION
The properties are located in a very popular residential area with excellent footfall which highly benefit the takeaway commercial shop unit. Leads Road is also close to many businesses and industrial estates ensuring excellent trade and delivery opportunities. Wickes and B&Q are located within a short walking distance from the properties.
The location benefits from excellent public transport links with Hull Rail Station being just 2.03 miles away. It is close to all local amenities and suits families and individual tenants alike.
Terms of Sale
Property is for sale by the modern method of auction. This is an unconditional sale. The Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) upon the fall of the hammer. In addition, a 3% Buyers Premium, Subject to a minimum £6000 and contracts are exchanged. The purchaser is legally bound to buy, and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre-Auction Offers
Some vendors will accept offers prior to auction; however, these must be above the guide price to be considered. If any such offer is accepted the property will still be sold under auction terms and conditions.
General
While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact Uk Property and we will be pleased to check the position for you.
The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only.
Services
Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
Anti-Money Laundering Regulations:
In line with anti-money Laundering regulations Intending purchasers will be asked to produce identification documentation and maybe proof of funds when submitting an offer to purchase the property.
Particulars
These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers. Neither Uk Property Group or any of its employees or agents has any authority to make or give any representation or warranty in relation to this property.
Guide Price: £175,000+
For sale by online auction on 08/05/2023 12:00, ending on 08/05/2023 18:15.
UK Property Group are excited to bring to the market this fantastic mixed use investment opportunity
35 LEADS ROAD COMMERCIAL SPACE - This Ground Floor commercial space was previously utilised as a fish and chip shop for many years but is now let as an Indian Takeaway and is currently being re-furnished. It benefits from the sort after Sui Generis business class usage (hot food takeaway). The front of house comprises of a good-sized commercial space ideal for serving/dining/seating area. There is a newly fitted kitchen with further separate food preparation areas and storage beyond. There is off street parking for customers directly in front of the shop which can easily be accessed due to the recently installed dropped curbs and off street parking along Leads Road.
1ST FLOOR FLAT - This 1st floor flat is accessed via a separate external staircase to the rear of the property. Front door leads into a well-proportioned kitchen which benefits from a range of wall and base units, built in cooker, hob and extractor and a sink with mixer tap. There is a good-sized lounge area, large master bedroom, and two good sized storage cupboards. The bathroom has a white pedestal sink, WC and shower cubicle. The flat is in good condition throughout and benefits from wood effect flooring and carpets, Gas Central Heating and UPVC windows and doors.
37 LEADS ROAD 3 BED HOUSE - This well maintained 3 bed property comprises of an open plan kitchen living space with breakfast bar, a range of wall and base units. Built in cooker with hob, extractor hood and sink with mixer tap. Three good sized bedrooms (one on ground floor, two upstairs) and a family bathroom. There is a separate utility space for a washer/dryer. There is laminate flooring and carpets throughout. Gas Central Heating and UPVC windows and doors. There is an off road parking space for the house directly in front of the property.
OUTSIDE REAR OF PROPERTIES. To the rear of the property there is a large garage, outbuildings for the commercial unit including staff toilet facilities, a patio and garden area. Rear access to the property is privately accessed and gated with secure locking facilities.
INCOME
Flat is currently let on a 1 year rolling AST achieving £459 PCM
Shop is currently to be let on a new lease achieving £450 PCM
House is currently let on a 1 year rolling AST achieving £720 PCM
Total Income amount £1629 PCM
Note: Some utility charges are included in the the flat and house rent only.
The domestic properties are due for a rent review to bring them in line with current rental amounts in the area.
LOCATION
The properties are located in a very popular residential area with excellent footfall which highly benefit the takeaway commercial shop unit. Leads Road is also close to many businesses and industrial estates ensuring excellent trade and delivery opportunities. Wickes and B&Q are located within a short walking distance from the properties.
The location benefits from excellent public transport links with Hull Rail Station being just 2.03 miles away. It is close to all local amenities and suits families and individual tenants alike.
Terms of Sale
Property is for sale by the modern method of auction. This is an unconditional sale. The Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) upon the fall of the hammer. In addition, a 3% Buyers Premium, Subject to a minimum £6000 and contracts are exchanged. The purchaser is legally bound to buy, and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre-Auction Offers
Some vendors will accept offers prior to auction; however, these must be above the guide price to be considered. If any such offer is accepted the property will still be sold under auction terms and conditions.
General
While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact Uk Property and we will be pleased to check the position for you.
The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only.
Services
Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
Anti-Money Laundering Regulations:
In line with anti-money Laundering regulations Intending purchasers will be asked to produce identification documentation and maybe proof of funds when submitting an offer to purchase the property.
Particulars
These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers. Neither Uk Property Group or any of its employees or agents has any authority to make or give any representation or warranty in relation to this property.
