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Agent's details

Kingston-Upon-Hull - Virtual Freehold Retail Investment

For sale: £75,000.00|772 Sq Ft|Retail, General Retail, Retail - High Street, Shopping Centre Unit

Property details

FOR SALE£75,000.00
SIZE772 Sq Ft
ADDRESS7 Grampian Way, Bransholme, Hull, East Riding of Yorkshire, HU7 5BJ
TYPERetail, General Retail, Retail - High Street, Shopping Centre Unit
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON24th May 2022

Description

Investment Consideration:
Gross Initial Yield: 8.16%
Rental Income: £6,120 p.a.
VAT is applicable to this property
Comprises ground floor retail unit t/a bakery
Forms part of an established and busy shopping precinct
Nearby occupiers include Heron Foods and Lloyds Pharmacy.

Property Description:
The property comprises ground floor shop t/a bakery and provides the following accommodation and dimensions:
Ground Floor: Shop 71.70 sq m (772 sq ft)
Open plan retail, Storage, Office, WC

Tenancy:
The property is at present let to Coopland & Son (Scarborough) Limited for a term of 5 years from 30th March 2018 at a current rent of £6,120 per annum and the lease contains full repairing and insuring covenants. Tenant in occupation since 2013.

Tenure:
Long leasehold. Held for a term of years expiring 21st October 2110 with a ground rent of peppercorn.

Location:
The property is located Grampian Shopping Centre is in North Bransholme, on the northern outskirts of the City of Hull, some four miles from the City Centre. The property is located within the purpose built neighborhood shopping complex located on the corner of Lothian Way / Grampian Way, serving a large housing estate, with a Community Centre, Medical Centre and School nearby. Nearby occupiers include Heron Foods and Lloyds Pharmacy.


Location

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Location: 7 Grampian Way, Bransholme, Hull, East Riding of Yorkshire, HU7 5BJ

Cottingham (3.6 miles)

Hull Paragon (4.0 miles)

Beverley (4.6 miles)

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