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AGENT'S DETAILS


Hull – Freehold Shop and Residential Investment

For sale: £105,000.00|1302 Sq Ft|Retail, Flat, General Retail, Restaurant/Cafes, Mixed Use, Residential, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£105,000.00
SIZE1302 Sq Ft
ADDRESS294/294A Southcoates Lane, Hull, North Humberside HU9 3AP
TYPERetail, Flat, General Retail, Restaurant/Cafes, Mixed Use, Residential, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON2nd June 2020

DESCRIPTION

Investment Consideration:
Comprises a ground floor retail unit with hot food takeaway planning consent and self-contained flat on the first floor.
Situated on the south side Southcoates Lane and forms part of a parade of neighbourhood retail units.
VAT is NOT applicable to this property.
Nearby occupiers include Lloyds Pharmacy, Today’s Extra, United Carpets & Beds, amongst other local traders.

Property Description:
The property is arranged as a terraced retail unit with hot food takeaway planning consent and self-contained living accommodation. The property includes a modern shop front and sales area with fryer, preparation/storage rooms and WC. The two-bedroom self-contained flat on the first floor has gas central heating and uPVC double glazing. This flat is independently accessed from a securely fenced rear yard.

The property provides the following accommodation and dimensions:
No. 294 (Ground Floor Shop): 55.02 sq m (592 sq ft)
No. 294A (First Floor Flat): 66.00 sq m (710 sq ft)
Flat comprises 2 Bedrooms, Landing, Living Room, Kitchen and Bathroom

Tenancy:
The entire property is at present let to O. Shaw t/a Takeaway for a term of 5 years from 8th May 2018 at a current rent of £7,900 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent reviews every third year and rent deposit is held of £1,316.67.

Location:
The property is on the south side Southcoates Lane and forms part of a parade of neighbourhood retail units which includes a large pharmacy close to the busy junction with Preston Road. This is about 2.5 miles north east from Hull city centre in an established residential area.

LOCATION

Location: 294/294A Southcoates Lane, Hull, North Humberside HU9 3AP

Hull Paragon (2.3 miles)

Cottingham (4.8 miles)

Goxhill (5.8 miles)

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