964 Anlaby Road

Hull, HU4 6AH

Buy £169,950

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

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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

964 Anlaby Road

964 Anlaby Road