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56 Market Place, Driffield, YO25 6AW
£275,000 Offers in excess of
VICARAGE LANE, SKIRLAUGH, NEAR HULL, HU11 5HE
Kingston Upon Hull 8 miles I Beverley 10 miles I Market Weighton 20 miles (All distances approximate)
GUIDE PRICE : OFFERS IN EXCESS OF 275,000
DESCRIPTION
The property extends in all to around 0.32 acres or thereabouts and is currently used as a commercial builders yard. The site is fenced and comprises the following accommodation:
Joiners Workshop 69' 7" x 16' 6" (21.21m x 5.03m) plus internal WC. Of brick and block construction under a profile sheet roof.
Range of Garaging and Storage 4 bay, 2 storey steel portal framed building with pitched asbestos roof including:
Office 21' x 10.5" (6.41m x 3.17m)
Garage 21' x 18.3' (6.41m x 5.56m) with up and over garage doors
Open Storage 21'3" x 18'2" (6.49 m x 5.54m) with internal staircase to first floor
Open Storage 21' x 18' x 8" (6.41 m x 5.75m)
First Floor
Store 1: 21' x 14'6" (6.41m x 4.41m)
Store 2: 7'11" x 14'4" (2.41m x 4.36m)
Store 3: 21' x 43'11" max (6.41m x 13.39m)
2 No. Workshop/Stores 28'10" deepening to 38'3" x 45'7" (8.79m deepening to 11.66m x 13.93m approx.) plus 2 small internal stores. Of timber frame construction clad block work and profile sheet under a pitched asbestos roof with double timber doors and concrete floor.
Lean-to Workshop 28'5" x 17'9" (8.67m x 5.42m) with roller shutter door
The property is considered versatile and suitable for a variety of uses. It is available either separately as shown in these particulars or jointly with the adjoining house known as East View.
LOCATION AND ACCESS
The property is located on Vicarage Lane within Skirlaugh village which provides excellent access onto the A165 Hull Road.
The property adjoins the residential dwelling known as East View to the east and a commercial depot to the west.
The City of Kingston Upon Hull lies some 8 miles to the south and the Market Town of Beverley some 10 miles to the north west.
PLANNING
Planning enquiries in respect of the property should be directed to East Riding of Yorkshire Council, County Hall, Cross Street, Beverley, HU17 9BA.
Tel: 01482 393939.
GENERAL REMARKS AND STIPULATIONS
METHOD OF SALE
The property is for sale by Private Treaty and interested parties should register their interest with Dee Atkinson and Harrison to be kept informed as to how the sale may be concluded. The Vendor reserves the right to complete a sale by any other means at their discretion.
TENURE AND POSSESSION
The property is for sale freehold with vacant possession.
SERVICES
We understand mains electricity and water are connected.
PUBLIC RIGHTS OF WAY, EASEMENTS AND WAYLEAVES
The property is sold with the benefit of all the accustomed or granted rights of way, water, support, drainage, electricity supplies, light, or other easements, or quasi easements and restrictive covenants and all existing or proposed wayleaves for electricity, drainage, water, gas and other pipes whether shown on the plan or indicted in these particulars or not and without any obligations to define the same respectively.
CONTAMINATED LAND
The Vendor is not aware of any land having been filled with any contaminated matter referred to in the Environmental Protection Act 1990. The Vendor does not give any guarantee in this respect and advises the Purchaser(s) to make such enquiries and investigations, which may be necessary to satisfy themselves that none of this land is so filled.
BUSINESS RATES
The property has been assessed for business rates and based on Gov.uk the current rateable value is 13,500.
PLANS, AREAS AND SCHEDULES
The plans provided in these sales particulars and the areas stated are for guidance only and are subject to verification with the title deeds.
VAT
In the event that the sale of the property or any part of it or any right attached to it becomes chargeable for the purposes of VAT, such tax will be payable in addition to the purchase price.
VIEWING
Viewing of the property is strictly by accompanied appointment with Dee Atkinson & Harrison.
FURTHER INFORMATION
For further information please contact Samantha Mellor MRICS FAAV on
Tel: (01377) 253151
Email: [email protected]
Or
Chris Ray BA (Hons) on
Tel: (01482) 866844
Email: [email protected]
NOTES
Particulars prepared October 2024.
Please note that if you have downloaded these particulars from the internet you will need to register your interest with our office to be kept informed of the sale process.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
56 Market Place, Driffield, YO25 6AW
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