Freehold Investment Opportunity
Commercial accommodation 38.1 sq m (410 sq ft) overall
Total area including uppers 85.7 sq m (922 sq ft)
Flat currently generating a gross income of £3,000 p.a. (£250 p.c.m.)
Nearby occupiers inc. Morrisons, Farmfoods, Delta Healthcare and Astoria Bingo
The subject property is located on the south side of Holderness Road approximately 3 miles from Hull city centre within a terrace of commercial property near its entrance to the Morrisons supermarket. Holderness Road serves as one of the main access routes receiving high volumes of traffic and providing cross-city connections to and from the east of Hull. Nearby operators include Morrisons, Farmfoods, Delta Healthcare and Astoria Bingo.
Description
The mid-terrace property is of traditional brick construction built to two-storey height beneath a pitched interlocking concrete tile clad roof incorporating a rear single-storey projection beneath a mono pitched tile clad roof. The property façade is part rendered at the first-floor level with a uPVC shop front with single door access. Internally, the commercial element provides a main sales and staff kitchen benefitting from a suspended ceiling with strip lighting and surface mounted electrics. The rear lobby provides access to a ground floor kitchen serving a two-bedroom flat. There is garden and garage to the rear accessed off Aberdeen Street.
Accommodation
Commercial | |||
Ground floor | Main sales | 31.3 sq m | (337sq ft) |
Kitchen | 6.8 sq m | ( 73 sq ft) | |
38.1 sq m | (410 sq ft) | ||
Residential | |||
Ground floor | Kitchen | 11.3 sq m | (122 sq ft) |
First Floor | Bathroom | 4.3 sq m | ( 46 sq ft) |
Living room | 15.0 sq m | (161 sq ft) | |
Bedroom 1 | 6.1 sq m | ( 66 sq ft) | |
Bedroom 2 | 10.9 sq m | (117 sq ft) | |
47.6 sq m | (512 sq ft) | ||
Total Internal Area | 85.7 sq m | (922 sq ft) | |
Rear Garage | 24.7 sq m | (266 sq ft) |
Terms
The freehold interest is available For Sale at a guide price of £149,950.
Current Tenancy
The residential element is currently occupied under an informal arrangement at a passing rent of £250 pcm (£3,000 per annum).
We understand the tenant would be interested in entering into an AST agreement.
Rateable Value
Value of £4,500, effective April 2023 which, under current provisions, provides 100% small business rates relief (subject to occupier status). Local Authority reference: 10230101072606.
The residential element of the property has a Council Tax banding of ‘A’ under Local Authority reference: 0230101072606
Energy Performance Rating:
Awaiting Assessment
Property Enquiry
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