Studio for sale in Marlborough Club, 94 Newstead Street, Hull, East Riding Of Yorks HU5

A former pub which has been recently converted into four x one bedroom self-contained apartments, offered for sale via auction. The apartments are presented to a good internal specification. All the apartments are currently tenanted and we understand the block to be generating a gross rental income of £32,700 per annum. This would be a great addition to a rental portfolio.

The property is situated off Chanterlands Avenue which is a popular shopping area within the northern part of Hull and offers excellent local amenities including shops, restaurants, public transport and schooling including the Hull University. The City Centre is a short driving distance away and in the centre of Hull is a main line British Rail Station offering intercity services to all parts of the country.

Auction House have not inspected the two ground floor apartments and we are unable to confirm the layout and condition of these.

Please note: A 16 day completion applies to this lot.

Accommodation

Ground Floor

Communal entrance, 2 x one bedroom apartments (not inspected).

First Floor

Flat 3: Lounge/kitchen area, bedroom and bathroom
Flat 4: Lounge/kitchen area, bedroom and bathroom

Externally

Bin store to the rear

Additional Information

Council Tax

Hull City Council

Tenure

Freehold

Charges And Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT

Disbursements

Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.

Guide Price

Guides are provided as an indication of each seller's 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.