Shop and flat investment
Forming part of an established retail parade with visibility to a high volume vehicular route
New 5 year commercial lease (to 31/07/27) plus residential AST
Combined rental income £14,160 per annum exclusive
Well-presented accommodation
The property is situated approximately 3 miles west of Hull city centre on the north side of Anlaby Road which at this point is of dual carriageway width. The property benefits from parking immediately to the front which serves the wider parade with a range of uses including a convenience store, florists & takeaway.
Description
The end-terrace property is of traditional brick construction built to two-storey height beneath a tile clad roof providing a lock up shop at ground level (t/a The Hair Loft) with spacious 3-bedroom self-contained living accommodation situated to the rear and at first floor level. The latter benefits from uPVC double glazing and gas fired central heating with a garden and parking potential to the rear, accessed off East Ella Drive.
Accommodation
Sales | 37 sq m | (400 sq ft) | including partitioned elements |
Kitchen | 5.4 sq m | (58 sq ft) | |
WC | - | - | |
Ground Floor Residential | 15 sq m | (161 sq ft) G.I.A. | |
First Floor | 51.7 sq m | (556 sq ft) G.I.A. |
The residential accommodation provides a ground floor kitchen/dining area with inner hallway and stairs to a lounge, 3 bedrooms and bathroom/WC at first floor level.
Terms
The freehold property is offered for sale subject to the existing occupations at a guide price of £169,950.
Occupational Terms
The ground floor is held on a new 5 year commercial lease (being a renewal with the existing tenant) from 1 August 2022 at £8,400 pa exclusive (£700 p.c.m).
The residential accommodation is occupied by an established tenant at a rent of £480 p.c.m (£5,760 annual equivalent).
Total combined rent: £14,160 per annum.
Rating
The commercial element is listed within the Rating List as ‘Shop and premises’ at £2,475 RV and the residential element is within
Council Tax Band ‘A’ (gov.uk website). A qualifying small business will benefit from full rate relief under current provisions.
Energy Performance Rating
Shop – D (89)
Residential Accommodation – E (48)
Property Enquiry
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