News & Deals Done

Investment For Sale - 242-244 Spring Bank Hull HU3 1LU

27th November 2020

This investment opportunity comprises two retail units and four flats presently producing an income of £28,440 but having an estimated full rental value of £31,600 .

The premises are occupied in a prominent position adjacent to the junction of Spring Bank and Princes Avenue just to the west of Hull City Centre.

The majority of tenants have been long standing including the two retail tenants who have been in occupation for 7 years each.

Offers will be considered in the region of £300,000 which after purchase costs of say 2.5% gives an initial return of circa 9.2%  increasing to 10.3% when all the accommodation is occupied at the full rental values.