Currently occupied as a hairdressers and beauty salon across the ground and first floor – Business not affected
Tenancy producing a rent of £10,000 per annum exclusive
Total accommodation extending to c.72.0 sq m (775 sq ft) overall
The property occupies a central position on Newland Avenue, a busy neighbourhood shopping location with national operators
Nearby occupiers include Sainsbury’s Local, Subway, Oxfam & Boots Pharmacy
The subject property is located on the west side of Newland Avenue approximately 3 miles north of Hull city centre. Newland Avenue is an established trading location with a mix of retail, professional services and food & drink establishments present. The property occupies a corner position facing Newland Avenue and Melbourne Street, close to a pedestrian crossing and bus stop. Nearby occupiers include Sainsbury's Local, Subway, Oxfam and Boots Pharmacy.
Description
The subject property comprises an end terrace two storey building of brick construction beneath a pitched concrete tile covered roof.
There is a small single storey rear projection beneath a flat roof. Internally the ground floor accommodation comprises a main sales and rear stores with beauty treatment rooms a staff kitchen and WC’s on the first floor. The shop front is secured with an electric roller shutter door.
Mains electricity, water and drainage are connected.
Accommodation
Ground Floor | Main sales | 30.2 sq m | (325 sq ft) |
Stores | 7.7 sq m | (83 sq ft) | |
First Floor | 3 treatment rooms/kitchen | 34.1 sq m | (367 sq ft) |
Total |
| 72.0 sq m | (775 sq ft) |
Measurements have been reported on a net internal area basis (NIA).
Terms
TERMS OF OCCUPATION
The tenant is currently ‘holding over’ paying a rent of £10,000 per annum exc. We are advised the current tenant has been in occupation for over 10 years.
DISPOSAL
The freehold property subject to the current occupation is offered For Sale at a guide price of £155,000.
RATEABLE VALUE
The property is listed with the VOA as ‘Hairdressing and premises’ with a Rateable Value of £8,000 (2023 Rating List). Under current legislation, an eligible occupier will benefit from small business rates relief.
ENERGY PERFORMANCE RATING: D (89)
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