NOW SOLD - 40 Church Road North Ferriby HU14 3BU

, HU14 3BU

Buy £145,000

Shop & Flat investment forming part of an established retail parade

Adjacent to the A63, North Ferriby is situated west of Hull

Commercial lease expires 2029 with a rent review in 2024

Total rent currently £9,900 per annum exclusive

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North Ferriby is a highly regarded commuter village situated approximately 9 miles to the west of Hull city centre and adjacent to the A63 which forms the main link road to and from the west connecting to the M62 and Humber Bridge. North Ferriby has a population just under 4,000 with the subject property forming part of a small retail parade opposite the church and near the school.

Description

The property is situated at the end of the parade and is built of traditional brick construction to two-storey height primarily under a pitched tile clad roof with a substantial two-storey flat roof projection to the rear. The ground floor provides a lock-up shop trading as Rogers Stores (previously Select Convenience) with a forecourt and access to a shared rear yard/parking area off which external stairs lead to a spacious self-contained one bedroom flat at first floor level overlooking the Church.

There is also understood to be a separate garage/store providing space to develop a more substantial structure or, if cleared, offering additional parking.

Accommodation

Sales Area approximately34.0 sq m(365 sq ft)
WC/Access corridor--
Kitchen Area2.4 sq m(26 sq ft)
Rear Stockroom/Store11.0 sq m(118 sq ft)
First floor flat51.7 sq m(556 sq ft) GIA
comprising front lounge with bay, hallway, bedroom, bathroom/WC and dining kitchen

Terms

The ground floor is held on the balance of a 25 year lease term which commenced from July 2004. The lease incorporates 5 yearly upwards only rent reviews, the next of which is in July 2024. The current rent passing is only £6,000 per annum exclusive. The lease is written in typical commercial terms and expires mid 2029.

The flat is let to an individual who we understand has been in occupation for many years and currently pays £300 every 4 weeks – annual equivalent £3,900 per annum.

PRICE

The investment property in this highly regarded village is offered at a guide price of £145,000.

ENERGY PERFORMANCE RATING:

40 Church Road (Commercial) – D. 40a Church Road (Residential) – D

Property Enquiry

NOW SOLD - 40 Church Road North Ferriby HU14 3BU

NOW SOLD - 40 Church Road North Ferriby HU14 3BU