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7th July 2022
INVESTMENT FOR SALE
This investment opportunity comprises a long established Cafe Bar with three self contained flats located fronting Princes Avenue which is one of Hull's main leisure areas with many resturants , cafe bars and retail units.
The cafe bar is mainly open plan with kitchen and wc's to the rear . It has an alfresco seating area to both the front and rear. The three flats are self contained .
The property is let on a lease expiring 9th September 2025 subject to full repairing and insuring terms at a rent of £53,000pa
Offers are being sought in the region of £615,000 which reflects a return of 8.1% after an allowance for costs of 6.5%.