Property photos
Just added
£127,500
(£71.07/sq. ft)
Retail premises for sale
218 Hessle Road, Hull HU31,794 sq. ft
Local area information
Property location
Nearby amenities
- The Sullivan Centre 0.2 miles
- The Boulevard Centre 0.2 miles
- Hull 0.8 miles
- New Holland 2.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Hull to find out more about the local area.
Features and description
Situation
The property fronts onto the popular Hessle Road, close to its junction with the A63, serving the densely populated surrounding area and benefitting from significant volumes of passing traffic.
A wide variety of established businesses are closeby including a Premier Express C store (next door), William Hill and a sizeable Boyes department store, whilst opposite is a modern Health Centre with pharmacy.
1 hour car parking is generally permitted on Hessle Road.
Property/accommodation
The property comprises a 2 storey mid-terrace commercial property of brick construction having been extended to the rear at ground floor level. See brochure for floor areas.
Rating
A search of the Valuation Office website reveals that the property has the following Rateable Values:
Rateable Value: £6,200
Rates Payable (approx.): £2,566
Parties are advised to check with the local Rating Authority as to the precise current rates liability.
Tenancy / lease summary
The premises have been let by way of a 5 year Lease (with no break clauses) from 1st March 2025 with the Lease being drawn upon Tenants full repairing and insuring terms.
Sale
Offers in the region of £127,500 are sought for the Freehold interest—Subject to the existing Lease. A sale at this level shows an investment yield of 7.8%
Legal costs
Each party to be responsible for their own legal costs in this transaction
VAT
Our clients advise that VAT is not chargeable upon the sale price.
Energy performance certificate
The Energy Performance Rating for this property is E a copy of the Certificate and Report is available upon request.
Special Note: Please note that a member of the Sharma Williamson team has a special interest in the advertised property.
The property fronts onto the popular Hessle Road, close to its junction with the A63, serving the densely populated surrounding area and benefitting from significant volumes of passing traffic.
A wide variety of established businesses are closeby including a Premier Express C store (next door), William Hill and a sizeable Boyes department store, whilst opposite is a modern Health Centre with pharmacy.
1 hour car parking is generally permitted on Hessle Road.
Property/accommodation
The property comprises a 2 storey mid-terrace commercial property of brick construction having been extended to the rear at ground floor level. See brochure for floor areas.
Rating
A search of the Valuation Office website reveals that the property has the following Rateable Values:
Rateable Value: £6,200
Rates Payable (approx.): £2,566
Parties are advised to check with the local Rating Authority as to the precise current rates liability.
Tenancy / lease summary
The premises have been let by way of a 5 year Lease (with no break clauses) from 1st March 2025 with the Lease being drawn upon Tenants full repairing and insuring terms.
Sale
Offers in the region of £127,500 are sought for the Freehold interest—Subject to the existing Lease. A sale at this level shows an investment yield of 7.8%
Legal costs
Each party to be responsible for their own legal costs in this transaction
VAT
Our clients advise that VAT is not chargeable upon the sale price.
Energy performance certificate
The Energy Performance Rating for this property is E a copy of the Certificate and Report is available upon request.
Special Note: Please note that a member of the Sharma Williamson team has a special interest in the advertised property.
More information
Listed by
Sharma Williamson
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