Marketed by
Garness Jones
Hull
11 Nelson St, Hull HU1
Available
1 of 9
Offers in the Region of
£525,000
81 - 86 Prospect Street, Hull, HU2 8PE
Key features
- Retail city centre investment and development opportunity.
- Currently producing £40,000 per annum, with a potential income when fully let of £55,000 per annum.
- Provides a Net Initial Yield of 7.29% after purchase costs of 4.5%, with a Reversionary Yield once fully let of 10.03% after purchase costs of 4.5%.
- Potential to redevelop part upper floor into residential.
- 81 Prospect Street former Belvoir Estate Agents will be vacant at an asking rent of £15,000 per annum.
- Benefiting from secure car park to the rear.
Description
The property comprises of an attractive mixed retail and leisure commercial investment, with the predominant premises comprising from Class E Use and Sui Generis Use, whereby the unit comprises of a tattooist, retail shop for the sale of candles, African restaurant and barbers, and a bar and leisure venue.
81 Prospect Street was occupied by Belvoir Estate Agents on the ground floor which is fitted out as an office on the ground floor and separate entrance leading to the upper floor which would be suitable for redevelopment subject to the appropriate planning consent being obtained, or alternatively as a separate office.
To the rear of the property is a secured car park that serves the commercial buildings.
81 Prospect Street was occupied by Belvoir Estate Agents on the ground floor which is fitted out as an office on the ground floor and separate entrance leading to the upper floor which would be suitable for redevelopment subject to the appropriate planning consent being obtained, or alternatively as a separate office.
To the rear of the property is a secured car park that serves the commercial buildings.
Reference: 7920_sales
Marketed by
Garness Jones
Hull
11 Nelson St, Hull HU1
Similar properties in the area
Available
- Photos available 9
Offers in the Region of
£675,000
Investment for sale
4-6 Parliament Street, Hull, East Yorkshire, HU1 2AP
The property consists of a converted period building effectively comprising of 4 buildings converted into 1 block of offices occupied by SJP Law. The 3 properties fronting Parliament Street are within the Georgian era with the rear building, known as P...
Marketed by
Garness Jones Hull
Available
- Photos available 4
Offers in the Region of
£135,000
Office for sale
8 King Street, Hull, East Riding Of Yorkshire, HU1 2JJ
Please contact us for full details.
Marketed by
Garness Jones Hull
Available
- Photos available 11
- Floorplan available
- Brochure available
Guide Price
£295,000
Investment for sale
18-21 Witham, Hull HU9 1BY
Please contact us for full details.
Marketed by
Whozoo London
Available
- Photos available 4
Offers in the Region of
£135,000
Retail for sale
38 Holderness Road, Hull, East Riding Of Yorkshire, HU9 1EF
The property comprises a ground-floor self-contained retail unit currently let on a 12-month lease at �500 per calendar month. The shop benefits from an electric roller shutter, an open-plan sales area to the front, and a rear ancillary storage area w...
Marketed by
Garness Jones Hull