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AGENT'S DETAILS


Hull – Freehold Restaurant and Residential Investment

For sale: £250,000.00|2031 Sq Ft|Residential, Flat, General Retail, Retail - High Street, Restaurant/Cafes, Mixed Use, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£250,000.00
SIZE2031 Sq Ft
ADDRESS317 Holderness Road, Hull, North Humberside HU8 8SH
TYPEResidential, Flat, General Retail, Retail - High Street, Restaurant/Cafes, Mixed Use, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON2nd June 2020

DESCRIPTION

Investment Consideration:
Comprises a shop on the ground floor and two self-contained flats on the first and second floors with separate access.
Flat No. 317B was completely refurbished in 2019.
VAT is applicable to this property.
Occupiers nearby include Boots Pharmacy, Heron Foods, Lloyds Bank, Vision Plus, British Heart Foundation, Betfred, Savers, amongst other local traders.

Property Description:
The property is arranged as a three storey detached building of brick construction beneath a pitched tiled roof. The property comprises a shop on the ground floor and two self-contained flats on the first and second floor with separate access from the commercial unit.

The property provides the following accommodation and dimensions:
No. 317 (Ground Floor)
Shop: 69.00 sq m (742 sq ft)
Stores: 10.00 sq m (105 sq ft)

No. 317A (First Floor Flat)
35.00 sq m (377 sq ft)
Comprises 2 Bedrooms, Reception, Kitchen and Bathroom/WC

No. 317B (Second Floor Flat)
75.00 sq m (807 sq ft)
Comprises 2 Bedrooms, Reception, Kitchen and Bathroom/WC

Tenancy:
The shop is at present let to Herby’s Ltd for a term of 3 years from 12th December 2017 at a current rent of £12,000 per annum and the lease contains full repairing and insuring covenants. Rent deposit held of £3,000. The tenant has been in occupation since 1995. The first floor residential flat (No. 317A) is at present let on an AST to an individual for a term of 12 months from 2nd February 2018 (Holding Over) at a current rent of £3,900 per annum. Rent deposit held of £325. The second floor residential flat (No. 317B) is at present let on an AST to an individual for a term of 12 months from 1st March 2020 at a current rent of £4,944 per annum. Rent deposit held of £412. Flat No. The flat was completely refurbished in 2019.

Location:
Hull has a population of 243,589 and lies on the northern bank of the Humber Estuary about 55 miles east of Leeds. Hull is linked to the national motorway network via the M62 Trans-Pennine motorway and also by the M180 motorway via the Humber Bridge. Holderness Road (A165) and can be accessed via the A63 and the property lies on the north side, close to the junction of Mersey Street in a mixed commercial and residential area.

LOCATION

Location: 317 Holderness Road, Hull, North Humberside HU8 8SH

Hull Paragon (1.6 miles)

Cottingham (4.2 miles)

Barrow Haven (5.3 miles)

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