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AGENT'S DETAILS


Hull – Freehold Shop Investment

For sale: £75,000.00|1062 Sq Ft|Retail, General Retail, Retail - High Street, Restaurant/Cafes

PROPERTY DETAILS

FOR SALE£75,000.00
SIZE1062 Sq Ft
ADDRESS155 Springbank, Hull, North Humberside HU3 1BN
TYPERetail, General Retail, Retail - High Street, Restaurant/Cafes
TENUREFor Sale Freehold
POSTED ON2nd June 2020

DESCRIPTION

Investment Consideration:
Ground floor retail unit with first & second floor storage.
Recently refurbished.
Situated in a prominent position on one of Hull's main arterial route.
VAT is NOT applicable to this property.
Nearby occupiers include Sainsbury, Iceland, Kwik Fit, William Hill, amongst other local traders.

Property Description:
The property comprises of a mid terrace retail unit providing ground floor sales area with rear kitchen/store area and WC. The first floor contains two reception rooms that are utilised for ancillary storage/office and to the second floor provides further ancillary storage.

The property provides the following accommodation and dimensions:
No. 155 (Ground, First & Second Floor): 98.74 sq m (1,062 sq ft)

Tenancy:
The shop is at present let to S. Zare t/a Patisserie for a term of 5 years from
26th January 2018 at a current rent of £6,000 per annum and the lease contains full repairing and insuring covenants. Rent deposit held of £1,500.

Location:
Hull is a port city in the East Riding of Yorkshire, north-eastern England. It lies upon the River Hull at its confluence with the Humber Estuary, 25 miles (40 km) inland from the North Sea, 50 miles (80 km) east of Leeds, 34 miles (55 km) south-east of York and 54 miles (87 km) north-east of Sheffield. With a population of 260,645 (mid-2018 est.), Hull is the fourth-largest city in Yorkshire and the Humber.

LOCATION

Location: 155 Springbank, Hull, North Humberside HU3 1BN

Hull Paragon (0.4 miles)

Cottingham (2.9 miles)

Barrow Haven (4.1 miles)

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