Freehold lock-up shop with self contained 1-bed flat above
Total accommodation extending to approximately 68.4 sq m (736 sq ft)
Situated within a neighbourhood parade near the University of Hull campus
The property is being sold with vacant possession on the ground floor and with income from the occupied flat
The residential element is producing an income of £400 p.c.m. under an AST
The rear yard generates £100 p.c.m.
The subject property is located on the north side of Inglemire Lane approximately 4 miles north of Hull city centre. The property is situated within a neighbourhood parade with a large surrounding residential catchment. The University of Hull campus is located nearby.
Description
The property is a two-storey semi-detatched of brick construction beneath a pitched slate covered roof. The ground floor has a main sales with rear stores and a staff WC. The ground floor has been operated as a barbers, benefiting from an air conditioning system and a double-glazed uPVC shop front secured with an electric roller shutter. The residential accommodation has an independent rear entrance leading to a 1-bedroom flat with a separate lounge, kitchen and bathroom. The flat has a gas fired central heating system and uPVC double glazed windows. The shop and flat have separate electricity meters situated on the ground floor.
Accommodation
Ground floor | 31.7 sq m | (341 sq ft) |
First floor | 36.7 sq m | (395 sq ft) |
Total | 68.4 sq m | (736 sq ft) |
The ground floor has been measured on a net internal area (NIA). The first floor has been measured on a gross internal area (GIA).
Terms
The freehold title is offered For Sale subject to the above occupations at a guide price of £125,000.
OCCUPATIONS
The residential accommodation is occupied under a typical Assured Shorthold Tenancy agreement (AST) producing a gross rent of £400 pcm (£4,800 pa). The rear yard is separately occupied by a neighbouring business for storage at a rent of £100 pcm (£1,200 pa).
RATEABLE VALUE
The ground floor premises are described as ‘shop & Premises’ with a Rateable Value of £2,600 (effective April 2023) under Local Authority Ref: 10060014050401 (Source VOA website). Under current legislation, an eligible occupier may benefit from small business rates relief. A landlord will benefit from extended empty property relief beyond the statutory period.
The flat is in Council Tax Band ‘A’.
ENERGY PERFORMANCE RATING:
Commercial To be confirmed
Residential E (49) valid until 18 March 2026. CN: 9188-5031-7247-4236-4954
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