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25th October 2024
Investment for sale
The property is located in an established West Hull retailing location being situated circa 2.5 miles to the west of Hull City Centre. Chanterlands Avenue lies between Spring Bank West and Bricknell Avenue and comprises mainly local retailers with some national occupies plus restaurants cafes and a public house, high levels of traffic pass along The Avenue at most times of the day and on-street parking is provided along Chanterlands Avenue and within the streets to both sides.
The property comprises a two storey mid terraced retail unit with separate first floor flat accessed from a rear walk way . The ground floor is mainly open plan with a display window to the front and entrance door.
The property as a whole , including the flat is let on a 9 year lease from 26th July 2016 at £12,000pa to a local tenant . The lease is subject to full repairing and insuring terms . The tenant trades as a tanning studio, the property has been in this use for circa 17 years and rent was agreed in 2016 and has not been reviewed since.
The investment is being offered at £156,000ono