Residential / Retail Investment
10 refurbished fully occupied residential units
Situated close to the A63 with citywide vehicular access
Prominent roadside frontage onto a busy highway
Planning permission secured for a further 2 rooftop units
Passing income from residential £59,250 p.a. Potential growth to £77,250 once the ground floor is occupied
Offers In the Region of £650,000
The subject property is located on the north side of Hessle Road, approximately 1 mile west of Hull city centre. The property is situated close to the Daltry Street flyover, opposite the Shell petrol filling station.
Description
The accommodation consists of a ground floor retail unit and 10 recently refurbished residential units to the first and second floors with planning permission granted for a further two units on the roof. Separate access is provided
On street car parking is available immediately outside of the property. Pavement level access is provided via an independent front door fronting Hessle Road.
Accommodation
Ground Floor Retail
Retail Space/Storage/Office 305.8 sq m (3,293 sq ft)
The unit is offered To Let on typical commercial terms at a guide rent of £18,000 per annum exc (£1,500 pcm).
The landlord will provide a 2 year rent guarantee on the ground floor retail unit.
Residential
Apartment | Beds | sq m* | Sq ft |
1 | 1 | 37 | 398 |
2 | 1 | 51 | 548 |
3 | 1 | 43 | 463 |
4 | 2 | 47 | 506 |
5 | Studio (1) | 38 | 409 |
6 | Studio (1) | 30 | 322 |
7 | 1 | 54 | 581 |
8 | 2 | 42 | 452 |
9 | 1 | 40 | 430 |
10 | Studio (1) | 38 | 409 |
*source Government EPC register
Terms
The property is offered For Sale with offers in the region of £650,000 invited.
RATEABLE VALUE
The property previously had a Rateable Value of £19,000 (source VOA website).
COUNCIL TAX
The flats are listed under Council Tax band A
ENERGY PERFORMANCE RATING
Requires reassessment
Property Enquiry
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