42 Cottingham Road, HU6 7RA

42 Cottingham Road

Hull, HU6 7RA


Price   £175,000


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42 Cottingham Road

Hull

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  • Description

    The mid-terrace property is built of traditional brick construction to two storey height under pitched roofs providing a ground floor lock-up shop with a long established business t/a Benedicts, together with rear ground and first floor residential accommodation we are advised is licensed as an HMO with five bedrooms, bathroom, W/C and kitchen/dining area. We understand the rooms have previously been let on an individual basis at £75 p.w. per bedroom.

  • Overview

    Retail and Residential Investment For Sale

    Main road frontage - Forming part of an established retail parade opposite Lidl and close to Hull University

    Ground floor shop c. 30 sq m (322 sq ft) plus ancillary

    Residential accommodation operated as a five-bed HMO

    Shop rent £8,500 p.a.exc with vacant residential

    For Sale £175,000

  • Location

    Cottingham Road is a high volume vehicular route off which the main campus of Hull University is sited. The property is situated close to established food & drink premises including public house premises, Haworth Arms and Gardener’s Arms. Opposite the subject property is a Lidl.

  • Accommodation

    Shop c. 30 sq m (322 sq ft) plus ancillary.

    Residential accommodation – ground floor kitchen/dining area with 5 first floor bedrooms/bathroom and W/C.

  • Disposal Terms

    LEASE TERMS

    We understand the individual ground floor commercial tenant is currently holding over at a rent passing of £8,500 p.a.exc. A copy lease is awaited. We understand the business has operated from the premises for a number of years with the tenant wishing to negotiate renewal terms. The vacant residential element has previously been occupied based on a bedroom rate of £75 per week (5 x £75 – annual equivalent £19,500 per annum).

    The vendor has left the lease renewal and residential letting in abeyance for a purchaser to operate and manage the investment as it considers appropriate.

    PRICE

    For Sale at £175,000.

  • Other Info

    RATEABLE VALUE

    We understand the individual ground floor commercial is assessed as ‘Shop and Premises’ with a Rateable Value of £6,000 – a qualifying small business should therefore benefit from full rate relief under current provisions. There is a listing for 42A Cottingham Road for Council Tax purposes within Band A.

    ENERGY PERFORMANCE RATING: Awaiting Confirmation

Overview
Description
Accommodation
Terms
Other Info

Retail and Residential Investment For Sale

Main road frontage - Forming part of an established retail parade opposite Lidl and close to Hull University

Ground floor shop c. 30 sq m (322 sq ft) plus ancillary

Residential accommodation operated as a five-bed HMO

Shop rent £8,500 p.a.exc with vacant residential

For Sale £175,000

The mid-terrace property is built of traditional brick construction to two storey height under pitched roofs providing a ground floor lock-up shop with a long established business t/a Benedicts, together with rear ground and first floor residential accommodation we are advised is licensed as an HMO with five bedrooms, bathroom, W/C and kitchen/dining area. We understand the rooms have previously been let on an individual basis at £75 p.w. per bedroom.

Shop c. 30 sq m (322 sq ft) plus ancillary.

Residential accommodation – ground floor kitchen/dining area with 5 first floor bedrooms/bathroom and W/C.

LEASE TERMS

We understand the individual ground floor commercial tenant is currently holding over at a rent passing of £8,500 p.a.exc. A copy lease is awaited. We understand the business has operated from the premises for a number of years with the tenant wishing to negotiate renewal terms. The vacant residential element has previously been occupied based on a bedroom rate of £75 per week (5 x £75 – annual equivalent £19,500 per annum).

The vendor has left the lease renewal and residential letting in abeyance for a purchaser to operate and manage the investment as it considers appropriate.

PRICE

For Sale at £175,000.

RATEABLE VALUE

We understand the individual ground floor commercial is assessed as ‘Shop and Premises’ with a Rateable Value of £6,000 – a qualifying small business should therefore benefit from full rate relief under current provisions. There is a listing for 42A Cottingham Road for Council Tax purposes within Band A.

ENERGY PERFORMANCE RATING: Awaiting Confirmation

42 Cottingham Road

Hull , HU6 7RA


Cottingham Road is a high volume vehicular route off which the main campus of Hull University is sited. The property is situated close to established food & drink premises including public house premises, Haworth Arms and Gardener’s Arms. Opposite the subject property is a Lidl.

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