This property has been taken off the market.
House For Sale Witham, Hull, HU9
£70,000
Auction Property
1 of 12
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 17th February 2024
Description
For sale by auction starting on 4th March 2024, bidding will be on the Properties Under the Hammer website. *SOLD AS SEEN*
Three Storey Mixed Use Investment Opportunity In A Sought After Central Location With Potential For Prominent Advertising Hoarding (STP)
Property Description - The property is conveniently located on the north side of Witham in the city of Kingston upon Hull. Voted as the city of culture for 2017, Hull offers an abundance of amenities and leisure facilities with many national and international retailers and businesses trading on the doorstep with heavy passing footfall. The area is set for continued regeneration and expansion following the city of culture title. Hull benefits from excellent road access with the M63 and A63 in close proximity. Hull Paragon Interchange offers frequent direct rail services to London Kings Cross, Manchester and Leeds.
The property is entered via a roller shutter door to the front elevation onto Witham. To the ground floor there is a retail area of approximately 33 sq m along with a kitchen area and staff toilets. (STP) The upstairs to the building could be converted to an apartment with the addition of a kitchen & bathroom and benefits from a bay window to the front elevation and is accessed through the ground floor retail unit.
Tenure - The property is freehold
Council Tax & Business Rates - The upper flat in not registered for council tax. The retail unit attracts a rateable value of £3,000 pa
Investment Analysis
Following a program of works the upper floors could be rented for £350 pcm (£4,200 p.a). Once tenanted the ground floor retail could generate in the region of £400 pcm (£4,800 pa). In addition, due to the location of the property and its close proximity to the city centre the exposed east side of the property could be used as an advertising board.
Legal Pack - The Legal Pack for this property is available on our website.
Three Storey Mixed Use Investment Opportunity In A Sought After Central Location With Potential For Prominent Advertising Hoarding (STP)
Property Description - The property is conveniently located on the north side of Witham in the city of Kingston upon Hull. Voted as the city of culture for 2017, Hull offers an abundance of amenities and leisure facilities with many national and international retailers and businesses trading on the doorstep with heavy passing footfall. The area is set for continued regeneration and expansion following the city of culture title. Hull benefits from excellent road access with the M63 and A63 in close proximity. Hull Paragon Interchange offers frequent direct rail services to London Kings Cross, Manchester and Leeds.
The property is entered via a roller shutter door to the front elevation onto Witham. To the ground floor there is a retail area of approximately 33 sq m along with a kitchen area and staff toilets. (STP) The upstairs to the building could be converted to an apartment with the addition of a kitchen & bathroom and benefits from a bay window to the front elevation and is accessed through the ground floor retail unit.
Tenure - The property is freehold
Council Tax & Business Rates - The upper flat in not registered for council tax. The retail unit attracts a rateable value of £3,000 pa
Investment Analysis
Following a program of works the upper floors could be rented for £350 pcm (£4,200 p.a). Once tenanted the ground floor retail could generate in the region of £400 pcm (£4,800 pa). In addition, due to the location of the property and its close proximity to the city centre the exposed east side of the property could be used as an advertising board.
Legal Pack - The Legal Pack for this property is available on our website.
Agent Details
PROPERTIES UNDER THE HAMMER AUCTIONS
Prospect House Featherstall Road South, Oldham, OL9 6HT
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.