Flat for sale in Tower Park Mews, Hull, East Yorkshire HU8

Guide price £48,000 - for sale by online auction on Tuesday 14th may 2024 via our partner agents, auction house north east

A superb two-bedroom duplex apartment offered exclusively to investors with tenant in situ with a rental income of £600 per month, this offering promises a lucrative yield, making it an attractive proposition for those seeking to capitalise on Hull's thriving rental market. With a lease spanning over 985 years, stability and longevity are assured, ensuring enduring value and peace of mind for prospective buyers.

Situated within the esteemed former sheriff house, this property boasts a rich history and a captivating blend of architectural styles, blending the grandeur of old-world charm with the sophistication of modern development. Upon arrival, you’ll be captivated by the seamless integration of meticulously converted individual apartments within the historic structure, complemented by the addition of high-quality new builds. Nestled at the forefront of this prestigious development, this property presents a unique opportunity for discerning investors.

Spanning the first and second floor levels, this spacious duplex apartment offers nearly 800 ft² of meticulously crafted living space. Well-maintained by the current tenant, the accommodation exudes comfort and style.

Upon entering, a grand communal entrance hall sets the tone, leading to a first-floor landing area. Inside the apartment, a central hallway provides access to a comfortable sitting room, a well-appointed fitted kitchen, and a spacious bedroom, alongside a thoughtfully designed bathroom. Ascending to the first floor, another double bedroom awaits offering versatility and privacy.

Externally, the development is complemented by its own grounds, featuring an allocated parking space for added convenience.

Details regarding ground rent and maintenance charges are forthcoming, ensuring transparency and clarity for potential buyers.

With a council tax band 'A' payable to Hull city council and an EPC grade of D, this property exemplifies both investment potential and comfortable living.

Lease Details: 999 Years Commencing On And Including 1 September 2011

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

HUL240298/8

Agents Note

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Charges

The costs for 9 Tower Park Mews are as follows:
Service Charge
tpm Management £000 per year
Ground Rent
Nominal £150 per year

Auctioneer's Notes

Property construction - Standard
Electricity supply - Mains
Water supply - Mains
Sewerage - Mains
Heating – Gas
Broadband - Standard Speed - 22 mbps
Mobile signal / coverage –O2/ Vodafone /EE/ Three – Very Good
Parking – Resident Parking
Building Safety – See Legal Pack
Restrictions – Yes See Legal Pack – Holderness Road East Conservation Area
Rights and easements - See Legal Pack
Flood risk – Low
Coastal erosion –Low
Planning permission – See Legal Pack
Accessibility / adaptions - See Legal Pack
Coalfield or mining area - See Legal Pack

Notes

Tenure: Leasehold

Lease Details: 999 Years Commencing On And Including 1 September 2011

EPC Rating: D

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.