Vacant retail unit with large basement storage space.

The ground floor mid-terrace retail unit forms part of an established commercial location. The unit is white-boxed, benefitting from new anodized full height shop front, suspended ceiling incorporating light panels, timber flooring and WC facilities. The large basement provides excellent storage space and there is a rear access for separate loading/unloading.

Tenure

Leasehold 999 years.

Situation

The subject property is located on the west side of Savile Street, positioned between Queen Victoria Square and Jameson Street in Hull city centre, which is a highly visible road junction in an area of mainly independent retail businesses on the eastern side of Hull city centre retail area. It is about 500m to Hull Paragon rail station, adjacent to St Stephens shopping centre, and the city's old town business district and Princes Quay shopping complex are also similarly close. Savile Street reflects a mix of independent retailers and varying commercial uses. The central position enables easy pedestrian access to city centre amenities with on-street parking opposite.

Accommodation

Sales Area 125 sq m (1,347 sq ft) Basement approx 97 sq m (1042 sq ft)

Joint Agents

Garness Jones - 01482 564564

Viewing

Strictly by appointment with the Auctioneers on 0845 400 9900 or Garness Jones on 01482 564564.

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 25th November 2024 and closing on Wednesday 27th November 2024 at 1.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire

Conditions of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneers offices, with the solicitors and on-line at www.auctionhouse.uk.net/hullandeastyorkshire prior to the date of the auction.

Guide Price

*Guides are provided as an indication of each sellers 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.

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Hull City Council

Solicitors

Ellis-Fermor & Negus Solicitors, 2 Devonshire Avenue, Beeston, Nottingham, NG91BS, Ref: Peter Epaminondas, Tel: 01159 221 59

Additional Fees

Buyer's Premium - The purchaser will be required to pay a buyer's premium of £600 (£500 plus VAT) in addition to the purchase price of the property.

Administration Charge - The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) including VAT in addition to the purchase price of the property.

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

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