Property photos
£70,000
(£83.33/sq. ft)
Retail premises for sale
Hessle Road, Hull HU3840 sq. ft
Local area information
Property location
Nearby amenities
- The Sullivan Centre 0.2 miles
- The Boulevard Centre 0.2 miles
- Hull 1.1 miles
- New Holland 2.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Comprises ground floor shop and residential flat above (sold-off)
- Retail shop benefits from allocated area at front
- VAT is not applicable to this property
- Nearby occupiers include Lloyds Bank, Quick Silver, William Hill, Greggs
Investment Consideration:
Gross Initial Yield: 10.44%
Rental Income: £7,305 p.a.
VAT is not applicable to this property
Comprises ground floor shop and residential flat above (sold-off)
Retail shop let until 2030. No breaks. Rent review on 25.04.28 linked to rpi
Nearby occupiers include Lloyds Bank, William Hill, Greggs, Iceland and more.
Property Description:
Comprises ground floor corner retail shop with front area and residential flat above (sold-off), providing the following accommodation and dimensions:
Ground Floor: 78.00 sq m (840 sq ft)
Open plan retail, storage, kitchenette, wc
First/Second Floor Flat: Sold-off
Tenancy:
The shop is at present let to an Individual for a term of 5 years from 25th April 2025 at a current rent of £7,280* p.a. And the lease contains full repairing and insuring covenants. Rent review on 25.04.28 linked to rpi. No breaks. Deposit held of £1,690.
*Tenant pays reduced rent of £6,760 p.a. For Year 1. Vendor will top-up rent until 24.04.26 so the buyer receives the equivalent to £7,280 p.a. From completion.
The first and second floor residential flat is sold off on long lease for term of 125 years at a current ground rent of £25 p.a..
Location:
Hull has a population of 243,589 and lies on the northern bank of the Humber Estuary about 55 miles east of Leeds. Hull is linked to the national motorway network via the M62 Trans-Pennine motorway and also by the M180 motorway via the Humber Bridge. The property has a frontage to Hessle Road.
Gross Initial Yield: 10.44%
Rental Income: £7,305 p.a.
VAT is not applicable to this property
Comprises ground floor shop and residential flat above (sold-off)
Retail shop let until 2030. No breaks. Rent review on 25.04.28 linked to rpi
Nearby occupiers include Lloyds Bank, William Hill, Greggs, Iceland and more.
Property Description:
Comprises ground floor corner retail shop with front area and residential flat above (sold-off), providing the following accommodation and dimensions:
Ground Floor: 78.00 sq m (840 sq ft)
Open plan retail, storage, kitchenette, wc
First/Second Floor Flat: Sold-off
Tenancy:
The shop is at present let to an Individual for a term of 5 years from 25th April 2025 at a current rent of £7,280* p.a. And the lease contains full repairing and insuring covenants. Rent review on 25.04.28 linked to rpi. No breaks. Deposit held of £1,690.
*Tenant pays reduced rent of £6,760 p.a. For Year 1. Vendor will top-up rent until 24.04.26 so the buyer receives the equivalent to £7,280 p.a. From completion.
The first and second floor residential flat is sold off on long lease for term of 125 years at a current ground rent of £25 p.a..
Location:
Hull has a population of 243,589 and lies on the northern bank of the Humber Estuary about 55 miles east of Leeds. Hull is linked to the national motorway network via the M62 Trans-Pennine motorway and also by the M180 motorway via the Humber Bridge. The property has a frontage to Hessle Road.
More information
Listed by
Blue Alpine Partners
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Blue Alpine Partners. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information.