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AGENT'S DETAILS


Hull – Freehold Retail and Residential Investment

For sale: £270,000.00|2429 Sq Ft|Residential, Retail, Flat, General Retail, Retail - High Street, Mixed Use, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£270,000.00
SIZE2429 Sq Ft
ADDRESS2 Land of Green Ginger, Kingston-upon-Hull, East Yorkshire HU1 2EA
TYPEResidential, Retail, Flat, General Retail, Retail - High Street, Mixed Use, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON2nd June 2020

DESCRIPTION

Investment Consideration:
Attractive Grade II listed building located on historic town centre thoroughfare.
Comprises a three storey retail unit with two upper residential flats.
Situated just off the prime pedestrianised Whitefriargate.
VAT is NOT applicable to this property.
One of Hull’s prime retail thoroughfares housing occupiers including Superdrug, HSBC, Boots and Greggs.

Property Description:
The property, a Grade II listed building, comprises a ground floor retail unit with ancillary accommodation on first and second floors. In addition, there are two self-contained residential flats on upper floors.

The property provides the following accommodation and dimensions:
No. 2 (Ground Floor and First/Second Floors Retail Shop)
Ground Floor Retail: 87.50 sq m (942 sq ft)
First Floor Ancillary: 66.90 sq m (720 sq ft)
Second Floor Ancillary: 71.30 sq m (767 sq ft)

Flat C (First/Second Floor)
Residential Flat
Comprises 2 Bedrooms, Kitchen and Bathroom

Flat D (First/Second Floor)
Residential Flat
Comprises 2 Bedrooms, Kitchen and Bathroom

Tenancy:
The shop is at present let to an Individual t/a Horizon Tattoo Co for a term of 5 years from 1st August 2018 at a current rent of £8,000 per annum and the lease contains full repairing and insuring covenants. The lease provides the tenant option to determine on 01/08/2020 subject to 6 months’ notice. The first/second floor residential flat (No. 2C) is at present let on an AST to an individual for a term of 12 months from 1st July 2019 at a current rent of £6,300 per annum. Rent deposit held of £525. The first/second floor residential flat (No. 2D) is at present let on an AST to an individual for a term of 12 months from 2019 (Holding Over) at a current rent of £6,900 per annum. Rent deposit held of £575.


Location:
The property is situated on the western side of Land of Green Ginger, a historic street off the pedestrianised Whitefriargate, one of Hull’s prime retail thoroughfares housing occupiers including Superdrug, HSBC, Boots and Greggs.

LOCATION

Location: 2 Land of Green Ginger, Kingston-upon-Hull, East Yorkshire HU1 2EA

Hull Paragon (0.6 miles)

Cottingham (3.8 miles)

Barrow Haven (4.1 miles)

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