17th July 2024
Investment Property in West Hull Location .
The property comprises a self contained ground floor retail unit and separate first floor flat located in a west Hull location in a long established busy local parade . Other occupiers include Hanson Electrical, Hoe Richardson butchers , Duncan's Gun Smiths , What's on Ladies Boutique, a pharmacy, two convenience stores one including a post office plus hot food takeaways and a family Public House.
The premises have a display window and entrance door to the front , the retail area is open plan and extends to 92.8sqm (999sqft) plus staff facilities and a wc.
The flat is accessed from the rear via Manor Road and provides one bedroom with separate lounge area , kitchen and bathroom .
The ground floor is let on a 6 year lease (with 3yr tenants break) from May 24 at £12,000pa to a local individual. The flat is presently vacant it is in need of some upgrade but ultimately could generate a rent of circa £6,000pa.
The total potential income being £18,000pa and offers for the freehold will be considered in the region of £200,000.
