Shop

Occupying a busy trading position in the heart of the town centre, close to the junction with Seaside Road, amongst nearby multiples such as Boots, Post Office, Aldi, McColls, Cooplands, Coral, Heron Foods and Lloyds Bank as well as a variety of local traders.  The property was previously let to Betfred who were paying £18,500pa rent on FRI terms.  Now vacant it offer the opportunity for reletting or for division to create two or three smaller units.

A mid-terrace building comprising a ground-floor sales area with separate rear access to 2 Self-Contained Flats (not included) at the first-floor level. In addition, the property benefits from the use of a rear service road. 

Location

The coastal town of Withernsea is a popular tourist destination lying approx. 24 miles east of Hull and enjoying good road access via the A1033. 

Accommodation

PropertyAccommodationGround Floor
ShopGross Frontage 47’7”
Internal Width (front) 46’3”
Rear Width 30’4”
Shop Depth 29’2”
Built Depth 64’0”
Sales Area Approx. 1,100 sq.ft.
Kitchen Area Approx. 95 sq.ft
2 Customer WCs Approx. 230 sq.ft
1 Staff WCFirst Floor
(2 Flats)2 Flats - Not inspected.  Each held on 999 years leases at a peppercorn ground rent.  Only the freehold of these flats is being sold.

VAT

VAT is NOT applicable to this Lot

Services

All mains services are believed to be connected to the property but have not been tested. 

Buisness Rates

The current rateable value of the property is £11,000 but this is set to reduce to £9,300 on the 1st April 2023.

Tenure

Freehold.  

Viewings

Strictly by appointment with the auctioneers on[use Contact Agent Button].

Solicitors

Stephen Murray & Co.
13-15 Medway Parade, Perivale, Greenford UB6 8HN

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 22nd May 2023 and closing on Wednesday 24th May 2023 at 3.00pm. 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 auctioneer's offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.

Additional Fees:

The purchaser will be required to pay an administration charge of 0.3% of the purchase price subject to a minimum of £750 (£625 plus VAT) and a buyer's premium of £480 (£400 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.

Guide Price

*Guides are provided as an indication of each seller's 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.

ONLINE BIDDING

If you are wanting to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process:

youtube.com/watch?v=ImXr4HXR36c