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1-2 Bishop Lane And 153 High Street, Hull, HU1 1PA
For Sale £650,000 (Offers in the region of)
- Size: 5,962 sq.ft. / 5,962 sq.ft.
- Property Ref: 12933
- Type: Residential Investment
The property comprises of a fully income producing mixed use investment, consisting of a restaurant together with 7 self-contained residential flats arranged from 3 x 2 bed apartments and 4 x 1 bedroom apartment and the first floor popular Hitchcocks vegetarian restaurant located on the first floor. The property extends to approximately 5,961 SqFt and currently generates a Gross Rental Income of £54,600 per annum. There is potential for reconfiguration and development of the first floor restaurant if this ever became vacant to provide a fully residential development and investment opportunity.
Property features
- Attractive investment opportunity in the old town of Hull City Centre.
- Consisting of first floor popular vegetarian restaurant. 3 x 2 bed apartments and 4 x 1 bed apartments.
- Fully occupied producing £54,600 per annum.
- Provides a Net Initial Yield of 8.01% after purchase costs of 4.88%, with a Gross Yield of 8.4%.
