Property photos
Offers in region of
£375,000
(£181.86/sq. ft)
Restaurant for sale
Main Road, Hull HU122,062 sq. ft
Local area information
Property location
Nearby amenities
- Thorngumbald Primary School 0.2 miles
- Inmans Primary School 1.4 miles
- Hull Ferry Terminal 4.4 miles
- Hull 7.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Superb mixed-use investment opportunity.
- Large ground floor cafe situated at the front and micro-pub at the back with rea
- Large 2-bed flat above and finished to a high specification.
- Long-standing tenants with potential to increase rents.
- Current rent passing £19,740pa rising to £28,140pa upon completion.
- Situated in highly sought after village.
- Offers in the region of £375,000
The property is located in Thorngumbald approximately 8.5 miles east of Hull city centre and 10 miles west of Withernsea. The property is situated along Main Road in Thorngumbald and enjoys good visibility with regular vehicle traffic passing through Thorngumbald on a daily basis. The immediate area comprises mostly residential with a Co-op convenience store located close by.
The property comprises of three units to provide a mixed-use investment opportunity. The ground floor comprises of a large cafe fronting Main Road and currently producing £8,340 per annum. At the rear there is a well presented micro-pub which contains a traditional looking bar with seating and an additional seating area within the extension that is complete with a log burner to provide a warm and cost environment.
The micro pub is currently producing £11,400 per annum and therefore the total income is approximately £19,740 per annum. There is potential to increase the rents upon both units subject to further discussions and negotiations. Both tenants have been longstanding and established businesses serving the Thorngumbald and wider community. The property also includes a rear customer parking area for circa 10 spaces. Upon the first floor, the property comprises of a self contained two bedroom flat that is finished to a high standard throughout.
The flat will be sold with the benefit of a brand new AST agreement at approximately £700 per calendar month to provide a total income across all three units of approximately £28,140 per annum. Additionally, the flat is also available with full vacant possession if required.
The entire property subject to the existing tenancies is available at offers in the region of £375,000. Additionally, the flat can be sold with full vacant possession if required. Viewings are to be made strictly through us as sole selling agent.
The property comprises of three units to provide a mixed-use investment opportunity. The ground floor comprises of a large cafe fronting Main Road and currently producing £8,340 per annum. At the rear there is a well presented micro-pub which contains a traditional looking bar with seating and an additional seating area within the extension that is complete with a log burner to provide a warm and cost environment.
The micro pub is currently producing £11,400 per annum and therefore the total income is approximately £19,740 per annum. There is potential to increase the rents upon both units subject to further discussions and negotiations. Both tenants have been longstanding and established businesses serving the Thorngumbald and wider community. The property also includes a rear customer parking area for circa 10 spaces. Upon the first floor, the property comprises of a self contained two bedroom flat that is finished to a high standard throughout.
The flat will be sold with the benefit of a brand new AST agreement at approximately £700 per calendar month to provide a total income across all three units of approximately £28,140 per annum. Additionally, the flat is also available with full vacant possession if required.
The entire property subject to the existing tenancies is available at offers in the region of £375,000. Additionally, the flat can be sold with full vacant possession if required. Viewings are to be made strictly through us as sole selling agent.
Floor plans and tours
Tours (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
Barker Property Consultants
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