55 Newland Avenue, HU5 3BG

55 Newland Avenue

Hull, HU5 3BG


Price   £150,000


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1807-Scotts Property - Newland Avenue.jpg

55 Newland Avenue

Hull

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  • Description

    The subject property comprises a traditional brick built end terrace to two storey height under a pitched, tile clad roof with a substantial single storey extension to the rear. The ground floor is used for food and drink purposes (Class A3) with a front entrance to self-contained living accommodation at first floor level. The whole is held under a single overriding lease.

  • Overview

    INVESTMENT FOR SALE

    Busy neighbourhood shopping location with regional and national multiples.  There is also a good mix of local independents including food and drink establishments

    The subject property is used as a café/restaurant with self contained first floor flat

    Ground Floor c.83.8 sq m (900 sq ft)

    Held on a 10-year lease from 1 April 2019 at £12,000 pa exc

    Guide Price £150,000

  • Location

    The property is located on Newland Avenue approximately 2 miles north west of Hull City Centre. Newland Avenue is a popular suburban retail location close to Hull University with a mix of local, regional and national operators. The location also benefits from a strong evening economy with a number of bars, cafes and restaurants.

  • Accommodation
    Ground floor    
    Sales Area 31.8 sq m (340 sq ft)
    Kitchen, Customer WCs and rear store and/or additional seating area 52 sq m (560 sq ft)
         
    First floor    
    Flat with Kitchen, Bathroom, Lounge and Bedroom 57 sq m (614 sq ft) G.I.A. 57 sq m (614 sq ft) G.I.A.
  • Disposal Terms

    LEASE TERMS

    We are advised that the property is subject to a new 10-year commercial lease commencing April 2019 at a rent based on £1,000 per calendar month (£12,000 per annum). We understand the lease is on typical commercial full repairing and insuring terms (a copy of the lease is awaited).

    PRICE

    The property is offered For Sale subject to the current occupation as outlined at a price of £150,000.

  • Other Info

    RATEABLE VALUE/COUNCIL TAX

    The ground floor has a rateable value of £5,800 offering a qualifying small business under current provisions exemption from business rates. The Council Tax for the flat is within band “A” under address 55a Newland Avenue.

    ENERGY PERFORMANCE RATING: Shop D (91)
      Flat (55a Newland Avenue) D
Overview
Description
Accommodation
Terms
Other Info

INVESTMENT FOR SALE

Busy neighbourhood shopping location with regional and national multiples.  There is also a good mix of local independents including food and drink establishments

The subject property is used as a café/restaurant with self contained first floor flat

Ground Floor c.83.8 sq m (900 sq ft)

Held on a 10-year lease from 1 April 2019 at £12,000 pa exc

Guide Price £150,000

The subject property comprises a traditional brick built end terrace to two storey height under a pitched, tile clad roof with a substantial single storey extension to the rear. The ground floor is used for food and drink purposes (Class A3) with a front entrance to self-contained living accommodation at first floor level. The whole is held under a single overriding lease.

Ground floor    
Sales Area 31.8 sq m (340 sq ft)
Kitchen, Customer WCs and rear store and/or additional seating area 52 sq m (560 sq ft)
     
First floor    
Flat with Kitchen, Bathroom, Lounge and Bedroom 57 sq m (614 sq ft) G.I.A. 57 sq m (614 sq ft) G.I.A.

LEASE TERMS

We are advised that the property is subject to a new 10-year commercial lease commencing April 2019 at a rent based on £1,000 per calendar month (£12,000 per annum). We understand the lease is on typical commercial full repairing and insuring terms (a copy of the lease is awaited).

PRICE

The property is offered For Sale subject to the current occupation as outlined at a price of £150,000.

RATEABLE VALUE/COUNCIL TAX

The ground floor has a rateable value of £5,800 offering a qualifying small business under current provisions exemption from business rates. The Council Tax for the flat is within band “A” under address 55a Newland Avenue.

ENERGY PERFORMANCE RATING: Shop D (91)
  Flat (55a Newland Avenue) D

55 Newland Avenue

Hull , HU5 3BG


The property is located on Newland Avenue approximately 2 miles north west of Hull City Centre. Newland Avenue is a popular suburban retail location close to Hull University with a mix of local, regional and national operators. The location also benefits from a strong evening economy with a number of bars, cafes and restaurants.

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