2 bedroom commercial property for saleSavoy Hotel, Savoy Road, Hull, Yorkshire, HU8 0TY
- Spacious Public House
- First Floor Flat
- Let at £20,000 per annum
- Excellent Investment
- EPC Rating: C
For sale by auction on Thursday 24th November 2016
At Leicester City Football Club, King Power Stadium, Filbert Way, Leicester, LE2 7FL
Commencing at 11:30 am
Spacious Public House and First Floor Flat in Hull
The premises comprise of a good size public house with excellent accommodation.
The property is let out on a 10-year lease (expiring 2025) at £20,000 per annum with an increase to £25,000 at year five.
The auctioneers have not inspected the property internally but believe it to comprise-
Lounge bar with fixed booth style and casual seating areas and an adjacent function room with interconnecting bar, DJ booth and raised dancing area. There are independent toilet facilities to both the bar and function room.
The first floor provides self contained living accommodation suitable either as owner/manager's accommodation or for separate letting purposes.
Situation - The premises are in a densely populated area approximately 4 miles to the north-east of Hull city centre. They are adjacent to the Ings Shopping Centre, a retail parade which includes an Asda store, licensed bookmakers and hot food takeaways and has a large car park.
Ground Floor Accommodation - Main Lounge 125.98 sq m (1356 sq ft) plus Male and Female WCs
Function Room 167.52 sq m (1803 sq ft) plus Male and Female WCs
Cellar 21.74 sq m (234 sq ft)
Store Room 20.53 sq m (221 sq ft)
Office 10.62 sq m (114 sq ft)
Kitchen 6.98 sq m (75 sq ft)
First Floor Flat - Living room, kitchen, two bedrooms and bathroom
External - Seating area
VAT - The sale will be subject to VAT.
By arrangement with the auctioneer 0116 254 9654 or can be booked online at www.sdlgrahampenny.co.uk
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction day. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.sdlgrahampenny.co.uk/glossary.
Energy Performance Certificates
EPCs can be viewed in full on our website www.sdlgrahampenny.co.uk on the sales details page or in the legal pack.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Auctions Graham Penny, Nottingham on 01159 588702.
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