Lot
004
Auction: March 2023 Online Auction 22/03/2023 - Bidding opens Tuesday 21st March 10:00 AM

2A, B & C Selby Road, Goole, East Riding Of Yorkshire, DN14 9HS

Property Details
Location
Auction Details
Description
A mixed-use investment opportunity comprising a ground floor commercial unit, currently trading as a hair salon with a lease detailing £11,400 of annual rental income, and three self-contained flats with ASTs detailing a combined annual rental income of £14,892. As such, the property is sold with leases detailing a total of £26,292 per annum.
Location
The property fronts both Selby Road and Mill Street in the market town of Snaith, approximately 7.5 miles west of Goole. Transport links are provided via the nearby M62 and Snaith train station. The local area is of mixed use, nearby residential dwellings along with amenities such as a Co-op food and various eateries.
Accommodation

Description
AccommodationFloor Area
Hair SalonShop floor; kitchen; toilets; basement62 sq m (667 sq ft)
Flat 2aFirst floor flat with two bedrooms49 sq m (523 sq ft)
Flat 2bTwo floor flat with ground floor entrance33 sq m (354 sq ft)
Flat 2cGround floor studio flat19 sq m (209 sq ft)
Total
163 sq m (1,753 sq ft)
The approximate floor area below is taken from the VOA website and a valuation report provided by the vendor. Buyers should note that the photographs of the flats have been provided by the vendor, taken prior to the current tenants occupying the properties. Therefore buyers must not rely on these photographs and must satisfy themselves as to the accommodation details. 
Tenure
The freehold of the property is being sold, along with separate leasehold interests in each flats, and the salon. The leasehold terms are 250 years from 1 January 2019.
Tenancy

Description
AST-Detailed Annual Rent Lease Terms
Hair Salon£950pcm (£11,400pa) 10 year lease commencing October '22
Flat 2a £455pcm (£5,460pa)12 month term commencing October '21
Flat 2b£437pcm (£5,244pa)1 year lease commencing January '23
Flat 2c£349pcm (£4,188pa) 
Total£26,292
Pugh & Co are advised by the vendor that there is an agreement in place with the tenant of Flat 2c that the rent of £349 contributes £50 towards their electricity consumption. 
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
VAT
Vat is not payable.
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 21ST MARCH AND CLOSES ON WEDNESDAY 22ND MARCH.

3. Photographs for 2c and 2b provided by the vendor

4. Energy Performance Certificate = 2a:C, 2b:D, 2c:D

5. The electricity is supplied through the shop (but separately metered) so the occupier currently pays the bill and invoices the tenants.

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