Sharp Street, Hull, HU5 2AE

Guide Price £70,000- £80,000 plus Reservation Fee

Land –123 Sharp Street, Hull

Property Description
An exciting opportunity to acquire land situated off Newland Avenue, one of Hull’s most popular residential and buy-to-let locations.

Offered to the market at a competitive guide price of £70,000, this is an excellent opportunity for developers, investors and builders looking to secure a residential development opportunity in an established and highly sought-after area of the city.

The site benefits from a previously approved residential development scheme, with the associated planning permission having now elapsed. Importantly, the proposed development has received planning approval previously, providing prospective purchasers with a useful starting point when considering their future plans. Interested parties may wish to explore the possibility of renewing the previous consent or investigating alternative residential schemes that better suit their individual requirements and investment objectives.

The accompanying architectural plans illustrate the proposed residential development, incorporating multiple residential units with living accommodation, kitchens, bedrooms and bathroom facilities across the proposed floors.

Situated just off Newland Avenue, the property is ideally positioned within an established residential area with strong appeal to the local rental market. Newland Avenue is particularly popular with buy-to-let investors due to its proximity to Hull city centre, the University of Hull and a wide range of local amenities, shops, cafés and transport links.

There is also the opportunity to acquire the adjoining detached dwelling (121 Sharp Street), which would be available under separate negotiation. This may provide an additional opportunity for purchasers wishing to consider a larger development or investment proposition.

The property represents an interesting opportunity for those seeking a development project with previous planning approval and the flexibility to explore their own proposals.

Interested parties are encouraged to review the accompanying plans and undertake their own enquiries with the relevant planning authority regarding the previous consent, potential renewal and any alternative development proposals.

Key Features
Guide Price £70,000 plus Reservation Fee
Land off Newland Avenue, Hull
Established residential and buy-to-let location
Previous planning approval for a residential development scheme
Previous planning permission has now elapsed
Accompanying proposed residential floor layout plans
Opportunity to explore alternative residential development schemes
Popular location with strong rental demand
Convenient access to Hull city centre and local amenities
Additional detached dwelling available under separate negotiation

Fees, Exclusivity & Disclaimer
Reservation Fee and Terms & Conditions Apply

Rezee operates a reservation-based purchasing process designed to provide buyers and sellers with greater certainty and to reduce the risk of gazumping.

The successful purchaser will be required to pay a non-refundable Reservation Fee equivalent to 2% of the agreed purchase price, subject to a minimum fee of £3000 plus VAT. This fee is payable in addition to the purchase price.

Once the Reservation Fee has been received, the property will immediately be taken off the market, providing the buyer with an exclusive opportunity to progress their purchase.

The Reservation Fee is non-refundable, except in circumstances covered by Rezee’s applicable terms and conditions, including:

The seller withdraws from the transaction.
The buyer’s chain collapses for reasons beyond the buyer’s control.
A qualified structural survey identifies significant structural issues that materially affect the property.
All circumstances are subject to the applicable Reservation Fee terms and conditions.

Exclusivity Period
Upon issue of the draft contracts, the buyer will benefit from a 90-day exclusivity period, during which the property will be reserved for them, subject to the agreed terms and conditions.

This period is intended to provide sufficient time for the buyer and their appointed solicitor to undertake the necessary legal enquiries, searches, investigations and preparations for completion.

Ready Sales Pack & Property Information
Rezee aims to make the purchasing process as straightforward as possible by encouraging the early provision and review of relevant property information.

Where available, a Ready Sales Pack and associated property information may assist buyers and their solicitors in progressing their enquiries.

Buyers are strongly encouraged to review all available documentation and undertake their own independent due diligence before committing to a purchase.

How to Purchase a Property
1. Register Your Interest

Contact Rezee to register your interest in the property and arrange any necessary discussions or viewing arrangements.

2. Agree the Purchase Price

Once an offer has been agreed, the Reservation Fee and applicable terms and conditions will be explained.

3. Pay the Reservation Fee

The property will be reserved and removed from the market upon receipt of the Reservation Fee, subject to the agreed terms.

4. Instruct Your Solicitor

Your solicitor will receive the necessary information to begin the conveyancing process, including reviewing the title, planning information, searches and other relevant documentation.

5. Exchange Contracts

Once all necessary enquiries have been completed and both parties are ready, contracts can be exchanged within the agreed exclusivity period.

6. Complete Your Purchase

Completion takes place in accordance with the agreed contract, and the purchaser takes ownership of the property.

Important Information for Buyers
All prospective purchasers are advised to undertake their own independent investigations and due diligence before proceeding.

In relation to this particular development opportunity, buyers should make their own enquiries regarding:

The status of the previous planning permission and the possibility of renewal.
The suitability of any alternative residential development proposals.
Building regulations and any other necessary statutory approvals.
The contents of the accompanying plans and any relevant planning documentation.
The requirements of the local planning authority and any associated obligations.
The costs, viability and feasibility of their proposed development.
The previous planning approval should not be interpreted as confirmation that any future planning application or alternative scheme will be approved.

Buyers should obtain appropriate professional advice from their own solicitor, planning consultant, architect and other relevant specialists before committing to the purchase.

Any applicable Stamp Duty Land Tax (SDLT) should be considered and confirmed with your solicitor or tax adviser.

Important Disclaimer
These particulars are intended as a general guide only and do not constitute an offer or contract.

Although every effort has been made to ensure the accuracy of the information provided, prospective purchasers must satisfy themselves as to the accuracy of all details, measurements, planning information, development potential and other matters.

All plans, drawings, measurements and descriptions are provided for illustrative purposes only and should not be relied upon as definitive.

The property is offered subject to contract, availability and the applicable Reservation Fee terms and conditions.

Rezee reserves the right to amend or withdraw the property from the market where appropriate.

Reservation Fee and T&C’s Apply.

Rezee – Our Approach
Rezee offers a different approach to selling property, providing sellers with a straightforward and transparent service.

Our reservation-based purchasing process is designed to provide greater certainty for sellers while giving buyers the opportunity to progress their purchase with an agreed period of exclusivity.

We encourage prospective purchasers to review the available information, undertake their own due diligence and seek appropriate professional advice before proceeding.

For further information regarding the property, purchasing process or Reservation Fee terms and conditions, please contact Rezee directly.