Freehold Retail Opportunity
Accommodation extending to c.116.6 sq m (1,255 sq ft) overall
Main road neighbourhood retail location
Well-presented ground-floor hair salon benefiting from full business rates relief
Investment opportunity with the flat currently generating an income of £5,196 p.a.
The property is located on the east side of Marfleet Lane, approximately 3 miles east of Hull city centre. The property forms part of a neighbourhood shopping parade fronting a high volume vehicular route, with Marfleet Lane providing a link between Hedon Road and Holderness Road. There is high-density housing in this location, including ongoing new development. The property is positioned at a pedestrian crossing.
Description
The property comprises a two-storey mid-terrace building of brick construction beneath a pitched slate tile-covered roof. There is a rear two-storey extension beneath a mono-pitched roof. There is off-street car parking for two vehicles at the front and rear of the property.
The accommodation provides a ground-floor commercial unit currently used as a hair salon, with a main sales area, rear kitchen, store and WC. The shop front has an external electric security shutter. The first floor provides a large one-bedroom flat with separate rear access. Both elements have separately metered gas and electric supplies.
The flat is currently occupied under a periodic tenancy at a passing rent of £433 pcm (£5,196 per annum). It is understood that the tenant has been in occupation since September 2024 and wishes to remain subject a purchasers requirements.
Accommodation
Ground floor Sales | 48.1 sq m | (518 sq ft) |
Kitchen, Store | 12.7 sq m | (137 sq ft) |
First floor One-bed flat | 55.8 sq m | (600 sq ft) |
Total | 116.6 sq m | (1,255 sq ft) |
Terms
The freehold property is offered For Sale at a guide price of £100,000.
RATEABLE VALUE
The premises are listed within the Rating List as ‘Shop & Premises’ with a Rateable Value of £5,200 (Effective April 26). Under current legislation, an eligible occupier may benefit from small business rates relief.
ENERGY PERFORMANCE RATING: Salon ‘B’ (50) valid until 14 May 2036 / Flat ‘D’ (58) valid until 17 May 2036
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