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Lot 33
30-34 Westgate, Patrington, East Riding of Yorkshire HU12 0NB

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(GROSS YIELD 10%)
6 Week completion

SITUATION

Located within this picturesque village only a few hundred yards from Market Place and the High Street where shopping facilities can be found, including a Post Office, Nisa Local and Londis, serving the surrounding residential population.
The property is conveniently situated on the main A1033 approximately 4 miles south-west of Withernsea and 13 miles east of Hull.

PROPERTY

A substantial end of terrace building comprising a Ground Floor Children's Nursery with internal access to Residential Accommodation on the first floor. The property includes a rear External Play Area and benefits from side vehicular access.

ACCOMMODATION

Ground Floor Nursery
Gross Frontage 54'1"
Built Depth 46'9"
GIA Approx. 2,160 sq ft
WCs
First Floor Residential Accommodation
4 Bedrooms, Living Room, Kitchen, Bathroom/WC
GIA Approx. 1,188 sq ft

Total GIA Approx. 3,348 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Beanstalks Day Nursery Patrington Limited, H. Archer & Z. Graham as a Day Nursery & Kids Club for a term of 5 years from 4th March 2016 (renewal of a previous lease) at a current rent of £18,000 per annum exclusive.

Note: £1,200 Rent Deposit held.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.