31- 33 Boothferry Road, Goole, East Riding Of Yorkshire, DN14 5DE

Sold

Sold for

£75,000

Additional Costs / Fees will apply

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Property Details

Location

Description

A high street, retail investment with planning permission (Ref: 21/00110/ORNOT) for conversion of the first floor, and part ground floor, to 3 x flats.
31 Boothferry Road ground and upper floor is held on a Freehold title and is let to an independent retailer, generating an income of £15,000 per annum on a 3 year lease commencing January 2023. The first floor of 33 Boothferry Road is held on long lease of 125 years from 25/11/1983 at a peppercorn ground rent. Although the building already produces a return of more than 21%, based on the guide price, development of the building would increase the income significantly. VAT is not applicable on this lot.

The property has not been inspected by Pugh & Co.

Location

The property is situated in the centre of the pedestrianised area of Boothferry Road which is the primary retail pitch within Goole. Nearby occupiers include Iceland, Dominos, Superdrug, Costa Coffee as well as a range of independent estate agents and local retailers.

Outside

Rear courtyard and fire escape.

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 = 31 Boothferry Rd = D
33 Boothferry Rd = C