Lot
080
Auction: December 2023 Online Auction 06/12/2023 - Bidding opens Tuesday 5th December 10:00 AM

83 Beverley Road, Hull, East Riding Of Yorkshire, HU3 1XR

Property Details
Location
Auction Details
Description
A high-yielding investment opportunity comprising a substantial and extended property being used as a music venue/bar and a (separate) boxing gym. It also features a four-bedroom flat to the first floor which requires a complete scheme of renovation. The property is sold subject to a lease detailing an annual rental income of £15,600 per annum.
Location
The property fronts Beverley Road (A1079) , approximately 1 mile north of Hull city centre. The local area is of mixed-use, with the property benefitting from the local housing and amenities, and the subsequent footfall. Beverley Road/A1079 joins the A165 and A63, providing good transport links, as well as access to the amenities, brands, and train station of Hull city centre.
Accommodation

StoreyDescriptionFloor Area
Ground Floor

Music venue & bar w/ basement storage

Boxing gym (rear extension)

394 sq m (4,238 sq ft)

217 sq m 2,331 sq ft)


First FloorFlat: 4 x bedrooms, shower room, reception rooms

The above floor areas are taken from the VOA website and are approximate. Buyers must not rely on these and satisfy themselves as to the accommodation for sale.
Outside
The property features a good-sized garden to the front, comprising mainly of grass lawn and a pathway leading from the front gates.
Tenancy
The property is sold subject to a lease dated April 2018, the tenant being O'Rileys (Hull) Limited. The lease is for the ground floor only and the term was from April 2018 to April 2023 and, as such, we believe the tenant is holding over. The rent detailed in the lease is £15,600 per annum.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 5TH DECEMBER AND CLOSES ON WEDNESDAY 6TH DECEMBER.

3. Energy Performance Certificate = TBC

4. This property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability.

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