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UNDER OFFER
Kingswood Parks Retail Centre, School Lane, Kingswood Parks, Hull, East Riding Of Yorkshire, HU7 3DQ
For Sale £2,250,000 (Offers in the region of)
- Size: 7,900 sq.ft. / 7,900 sq.ft.
- Property Ref: 11569
- Type: Commercial Investment
Kingswood Parks retail centre is a development of seven purpose built, Class E Retail, lock-up shops, with an upper floor as self-contained residential
units which have been sold separately on long leasehold arrangements. The parade comprises of a mixture of operators that include the Co-op convenience store, café/bar, hair salon, beauty salon, barber shop, pharmacy and estate Agents.
The parade has free access to public parking to the front of the site, with each individual units having designated parking to the rear. The immediate area is occupied by Kingswood Parks Primary School and Kingswood Health Centre, together with the village green open/amenity space.
Property features
- Attractive retail Investment in a thriving established residential area.
- Population of 10,000 within over 4,000 homes with over 2,000 more homes due to be developed.
- Located close to Kingswood Parks Primary School & Kingswood Health Centre. Occupiers include Co- op Convenience Store, National Pharmacy, Regional Estate Agent & Independent Businesses.
- On site free parking, with designated car parking to rear for the occupiers.
- Current passing rent of £161,184 per annum which would reflect a NIY of 6.76% after purchase Costs 6.03%.
- Total 7,900 sq ft (743 sq m) of which 38% is occupied by Co-operative Group Food Limited.
- Established longstanding tenants.
