40 Church Road North Ferriby HU14 3BU, HU14 3BU

40 Church Road North Ferriby HU14 3BU

North Ferriby, HU14 3BU


Price   £160,000


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40 Church Road North Ferriby HU14 3BU

North Ferriby

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

  • Overview

    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 rent reviews in 2019 & 2024

    Total rent currently £9,900 per annum exclusive

    Guide Price £160,000

  • Location

    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.

  • Accommodation
    Sales Area approximately 34.0 sq m (365 sq ft)
    WC/Access corridor - -
    Kitchen Area 2.4 sq m (26 sq ft)
    Rear Stockroom/Store 11.0 sq m (118 sq ft)
         
    First floor flat 51.7 sq m (556 sq ft) GIA                                                
    comprising front lounge with bay, hallway, bedroom, bathroom/WC and dining kitchen
  • Disposal Terms

    LEASE 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 2019. The current rent passing is only £6,000 per annum exclusive. The lease written in typical commercial terms with well over 10 years unexpired is held by a tenant with multiple outlets.

    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.

    Reasonable rental growth and re-letting prospects are anticipated.

    PRICE

    The investment property in this highly regarded village is offered at a guide price of £160,000.

  • Other Info

    ENERGY PERFORMANCE RATING: Awaiting Confirmation

Overview
Description
Accommodation
Terms
Other Info

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 rent reviews in 2019 & 2024

Total rent currently £9,900 per annum exclusive

Guide Price £160,000

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

Sales Area approximately 34.0 sq m (365 sq ft)
WC/Access corridor - -
Kitchen Area 2.4 sq m (26 sq ft)
Rear Stockroom/Store 11.0 sq m (118 sq ft)
     
First floor flat 51.7 sq m (556 sq ft) GIA                                                
comprising front lounge with bay, hallway, bedroom, bathroom/WC and dining kitchen

LEASE 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 2019. The current rent passing is only £6,000 per annum exclusive. The lease written in typical commercial terms with well over 10 years unexpired is held by a tenant with multiple outlets.

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.

Reasonable rental growth and re-letting prospects are anticipated.

PRICE

The investment property in this highly regarded village is offered at a guide price of £160,000.

ENERGY PERFORMANCE RATING: Awaiting Confirmation

40 Church Road North Ferriby HU14 3BU

North Ferriby , HU14 3BU


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.

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