Hull | 24 Albion Street

The mid-terrace property is Listed and forms part of a substantial Georgian terrace. It is of traditional brick construction primarily under pitched slate clad roofs with steps to a raised ground floor with internal access to first, second and attic levels. There is a self-contained basement bar and a two-storey rear projection providing a self-contained flat. To the rear of the site is a Coach House fronting Baker Street off which there is a vehicle entrance to a central car parking area. The two flats and basement generate a rental income. The remainder has been a dental surgery which is vacant but with fixtures and fittings remaining. Such a use could be re-established, or the property could offer alternative commercial options or conversion to residential use subject to necessary consents.

Terms

The property is available For Sale freehold at a guide price of £350,000.

We understand the current rent generated from parts let is:

Basement Bar £6,420 p.a.exc.

Projecting Rear Flat £4,740 p.a. (annual equivalent under an AST @£395 p.c.m.)

Coach House £4,200 p.a. (annual equivalent under an AST @£350 p.c.m.)

Rateable Value / Council Tax

Rateable values that we understand are attributed to the various parts should provide full rate relief for a qualifying small business.

As a listed property, there should be no void rates payable. We believe the residential units are either in Band A or B for Council Tax purposes.

TBC