FOR SALE - Property Pilot
FOR SALE 10 PEARSON AVENUE HULL HU5 2SX Three self-contained flats, producing £9,000 per annum. Rear garages providing additional income of £728 per annum. Refurbishment/redevelopment opportunity. Suitable to hold as an investment. Situated in a desirable location.
RESIDENTIAL INVESTMENT Price
Enquiries
£200,000
Jonathan Barker M: 07834 452933 [email protected]
Paul White M:07788 932741 [email protected]
Location
Tenure
Pearson Avenue is situated between the main arterial route of Beverley Road to the east and Princes Avenue to the west, which forms part of the popular Avenues area. Pearson Park is within close proximity to the property, and the park is one of the city's designated park areas, surrounded by attractive Victorian buildings. The Local Authority has recently announced a significant budget to improve the public areas, which will further enhance the attractiveness of the park location.
We believe that mains gas, electric, water and drainage are connected to the property. Interested parties are advised to make their own independent enquiries.
Description The property comprises of a semi-detached building that provides three self-contained flats. The first and second floor flats are twobedroomed, and the ground floor flat has one bedroom. The rear of the property contains five garages. The property provides an ideal refurbishment / redevelopment opportunity and can also be held as an immediate investment. The ground floor flat is currently vacant and the property presents an opportunity to maximise the investment return once fully let.
Service Charge There is no service charge implemented on this property.
EPC Rating A copy of the EPC certificate is available upon request.
Tenancy Information The second floor flat produces a rent of £300 per calendar month and the first floor produces £450 per calendar month, both held on assured shorthold tenancy agreements. Two garages at the rear are on informal licence arrangements at £7 per week per garage. The total annual income, at present, is £9,728. Once fully let, including all five garages, it is anticipated the annual income will increase to circa £16,000 per annum.
Price £200,000 for the freehold interest.
Accommodation Ground Floor First Floor Second Floor
SQ FT
SQ M
976
90.67
1,010
93.83
805
74.78
GARNESS JONES CHARTERED SURVEYORS 79 Beverley Road, Hull, HU3 1XR Garness Jones Ltd for themselves and for the vendors or lessors of the property whose agents they are, give notice that i) Particulars are set out as a general outline only intended for the guidance of intended purchasers or tenants and do not constitute, nor constitute part of, an o er or contract. ii) All descriptions, dimensions, references to conditions and necessary permission or use and occupation and other details are given in good faith and are believed to be correct, but any intended purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. iii) The vendor or lessor does not make and neither Garness Jones Ltd nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property. © Crown Copyright 2005. All rights reserved. Licence number 100010906. VALUE ADDED TAX Value Added Tax may be payable on the purchase price and/or the other charges or payments. All figures quoted are exclusive of VAT. Intending purchasers and lessors must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice.
RESIDENTIAL INVESTMENT Price
Enquiries
£200,000
Jonathan Barker M: 07834 452933 [email protected]
Paul White M:07788 932741 [email protected]
Location
Tenure
Pearson Avenue is situated between the main arterial route of Beverley Road to the east and Princes Avenue to the west, which forms part of the popular Avenues area. Pearson Park is within close proximity to the property, and the park is one of the city's designated park areas, surrounded by attractive Victorian buildings. The Local Authority has recently announced a significant budget to improve the public areas, which will further enhance the attractiveness of the park location.
We believe that mains gas, electric, water and drainage are connected to the property. Interested parties are advised to make their own independent enquiries.
Description The property comprises of a semi-detached building that provides three self-contained flats. The first and second floor flats are twobedroomed, and the ground floor flat has one bedroom. The rear of the property contains five garages. The property provides an ideal refurbishment / redevelopment opportunity and can also be held as an immediate investment. The ground floor flat is currently vacant and the property presents an opportunity to maximise the investment return once fully let.
Service Charge There is no service charge implemented on this property.
EPC Rating A copy of the EPC certificate is available upon request.
Tenancy Information The second floor flat produces a rent of £300 per calendar month and the first floor produces £450 per calendar month, both held on assured shorthold tenancy agreements. Two garages at the rear are on informal licence arrangements at £7 per week per garage. The total annual income, at present, is £9,728. Once fully let, including all five garages, it is anticipated the annual income will increase to circa £16,000 per annum.
Price £200,000 for the freehold interest.
Accommodation Ground Floor First Floor Second Floor
SQ FT
SQ M
976
90.67
1,010
93.83
805
74.78
GARNESS JONES CHARTERED SURVEYORS 79 Beverley Road, Hull, HU3 1XR Garness Jones Ltd for themselves and for the vendors or lessors of the property whose agents they are, give notice that i) Particulars are set out as a general outline only intended for the guidance of intended purchasers or tenants and do not constitute, nor constitute part of, an o er or contract. ii) All descriptions, dimensions, references to conditions and necessary permission or use and occupation and other details are given in good faith and are believed to be correct, but any intended purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. iii) The vendor or lessor does not make and neither Garness Jones Ltd nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property. © Crown Copyright 2005. All rights reserved. Licence number 100010906. VALUE ADDED TAX Value Added Tax may be payable on the purchase price and/or the other charges or payments. All figures quoted are exclusive of VAT. Intending purchasers and lessors must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice.
