24 Albion Street, Hull, HU1

DEVELOPMENT OPPORTUNITY - The mid-terrace property is Listed and forms part of a substantial Georgian terrace. It is of traditional brick construction primarily under pitched slate clad roofs with steps to a raised ground floor with internal access to first, second and attic levels. There is a self-contained basement bar and a two-storey rear projection providing a self-contained flat. To the rear of the site is a Coach House fronting Baker Street off which there is a vehicle entrance to a central car parking area.
LOCATION/DESCRIPTION
The property is located within Hull city centre on the north side of Albion Street. There is substantial development underway on the Bond Street/Albion Street car park opposite. The property is outlined in red on the plan opposite, for identification purposes only
The mid-terrace property is Listed and forms part of a substantial Georgian terrace. It is of traditional brick construction primarily under pitched slate clad roofs with steps to a raised ground floor with internal access to first, second and attic levels. There is a self-contained basement bar and a two-storey rear projection providing a self-contained flat. To the rear of the site is a Coach House fronting Baker Street off which there is a vehicle entrance to a central car parking area.
The two flats and basement generate a rental income. The remainder has been a dental surgery which is vacant but with fixtures and fittings remaining. Such a use could be re-established, or the property could offer alternative commercial options or conversion to residential use subject to necessary consents.
ACCOMMODATION
Ground Floor 72.7 sq m (782 sq ft) GIA
First Floor 72.7 sq m (782 sq ft) GIA
Second Floor 72.7 sq m (782 sq ft) GIA
Attic 51.3 sq m (552 sq ft) GIA
Basement Bar 77.3 sq m (832 sq ft) GIA
Two-storey rear projection (Flat) c. 78.0 sq m (840 sq ft) - estimated/not inspected
Rear Coach House c. 75.0 sq m (807 sq ft) - estimated/not inspected
Parking for 5 / 6 cars.
RATEABLE VALUE/COUNCIL TAX
Rateable values that we understand are attributed to the various parts should provide full rate relief for a qualifying small business.
As a listed property, there should be no void rates payable. We believe the residential units are either in Band A or B for Council Tax purposes.
DISPOSAL TERMS
The property is available For Sale freehold at a guide price of £350,000.
We understand the current rent generated from parts let is:  Basement Bar £6,420 p.a.exc. / Projecting Rear Flat £4,740 p.a. (annual equivalent under an AST @£395 p.c.m.) / Coach House £4,200 p.a. (annual equivalent under an AST @£350 p.c.m.)
LEGAL COSTS
Each party will be responsible for its own legal costs with the purchaser responsible for any Stamp Duty Land Tax payable.
ENERGY PERFORMANCE RATINGS: TBC