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429 Endike Lane, Hull, East Riding Of Yorkshire, HU6 8AG
For Sale £150,000 (Offers in the region of)
- Size: 1,359 sq.ft. / 1,359 sq.ft.
- Property Ref: 11739
- Type: RETAIL
The property comprises of a semi-detached ground floor lock up shop which benefits from an open plan sales area with rear ancillary store with kitchen and WC facilities. The premises is fitted out to a good specification and trading as Go Local.
The first floor one bedroom flat is accessed via a side entrance and benefits from a rear garden.
The tenant is occupying the whole premises on a full repairing and insuring (FRI) lease for a term of 15 years at an asking rent of £13,400 per annum with three-yearly rent reviews. from August 2024.
Property features
- Commercial investment for sale comprising of ground floor self-contained commercial retail unit with self-contained one bedroom flat.
- Trading as Go Local, held on a 15 year full repairing and insuring lease from August 2024 producing on a producing £13,400 per annum with three-yearly rent reviews.
- Situated on a established parade of retail shops.
- Reflecting an initial yield of 8.8% after purchase costs of 1.5%.
