Property for Auction in Hull & East Yorkshire - 316 Marfleet Lane, Hull, East Yorkshire

A substantial detached retail unit - Recently let on a 5 year lease producing £16,800pa A substantial detached property comprising a single-storey retail sales shop with excellent storage and a total floor area of 3,400 sq ft (316 sq m). The retail area has an internal frontage of about 30ft / 9m including double glazed door and windows with roller shutters. Separate side entrance to delivery area, and large stock room to rear. There is an open forecourt area to this unit and the adjacent parade of shops which includes Heron Frozen Food, Dove House Hospice retail, Lloyds Pharmacy, William Hill and a OneStop convenience store. The property is currently let on a 5 year lease from July 2024 and produces a gross income of £16,800pa. Tenure Freehold Location Marfleet Lane is is part of Hull's outer ring road, between Hedon Road and Holderness Road, two of the city's busy arterial routes in from the east. The property is close to the Preston Road junction with an Aldi supermarket and car park around the corner from the unit Services Mains water, electricity and drainage are believed to be connected but have not been tested. Tenure Freehold. Sold subject to the existing five year lease that commenced on 1st August 2024. A copy of the lease will be available in the legal pack. Business Rates The property has a rateable value of £19,250. Services All mains services are believed to be connected but have not been tested. Viewing Strictly by appointment with Auction House on 0845 400 99 00 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 Walters & Plaskitt Solicitors, Ref: Samiya Hashmi, Tel: 01782 819 611 Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. 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) 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.