Busy neighbourhood shopping location with regional and national multiples
There is also a good mix of local independents including food & drink establishments
Ground floor retail premises operating as ‘Relax’ coffee shop together with
self-contained living accommodation to the rear and first floor
Ground floor c.59.4 sq m (640 sq ft)
2 bed residential accommodation - Producing a combined annual rent of £14,700
The property is located on the west side of Newland Avenue at its junction with Reynoldson Street, approximately 2 miles north-west of Hull city centre. Newland Avenue is in close proximity to the main campus of Hull University and offers a good mix of both retail and food & drink establishments ensuring evening as well as daytime custom.
Description
The subject property is end of terrace of traditional brick construction to two-storey height under a pitched tile clad roof with a single-storey flat roof extension to the rear. The ground floor retail premises operates as a long-standing coffee shop, trading as ‘Relax’ with a separate side entrance off Reynoldson Street to ground floor residential accommodation at the rear and to the first floor.
Accommodation
Ground Floor | ||
Sales | 59.4 sq m | (640 sq ft) |
Rear Staff/Customer WCs | - | - |
Side Entrance to flat with ground floor kitchen & bedroom with en-suite | 33.9 sq m | (365 sq ft) GIA |
First Floor | ||
Landing, bathroom/WC & 2 Rooms | 37.3 sq m | (401 sq ft) GIA |
The residential accommodation has a total Gross Internal Area (GIA) of 71.2 sq m (766 sq ft)
Terms
TERMS OF OCCUPATION
We understand the shop is held on a typical commercial lease at a current rent of £8,100 pa ex on the balance of a term expiring April
2028. We understand the current tenant has been in occupation since 2007.
The flat is occupied under the terms of a 6 month Assured Shorthold Tenancy Agreement which expires August 2023. We understand
new terms are in place from expiry at £550 pcm (£6,600 pa exc).
PRICE
The property is offered For Sale subject to the current occupations at a price of £189,950.
RATEABLE VALUE/COUNCIL TAX
The ground floor ‘shop & premises’ has a Rateable Value of £6,400 offering a qualifying small business, under current provisions, 100% exemption from Business Rates. The Council Tax is within Band ‘A’.
ENERGY PERFORMANCE RATING
We understand the residential accommodation has a ‘D’ rating (under 1a Reynoldson Street). An EPC is awaited on the shop.
Property Enquiry
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