38 Holderness Road, Hull, East Riding Of Yorkshire, HU9 1EF
For Sale £135,000 (Offers in the region of)
- Size: 1 sq.ft. / 1 sq.ft.
- Property Ref: 1387
- Type: RETAIL
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 with kitchen and WC facilities.
The upper parts consist of a self-contained three-bedroom flat accessed via Thomas Street, with shared access alongside the adjoining commercial property. The residential accommodation benefits from a private rear garden for its sole use. The ground floor of the flat provides a private entrance together with kitchen and bathroom facilities. The first floor comprises two double bedrooms and a living room, with a further double bedroom located within the attic at second-floor level.The property has recently become vacant. It is carpeted throughout and benefits from PVC double-glazed windows and gas central heating. The property was previously achieving £650 per calendar month on a long standing tenant. The property has been left vacant to enable viewings and for a potential investor to find a suitable occupier.
Property features
- Potential mixed use investment opportunity.
- Located on a highly prominent position on Holderness Road within close proximity to Hull city centre.
- Benefiting from self-contained ground floor retail shop producing £500 per calendar month.
- Upper floors consist of a 3 bedroom self-contained flat with the potential income of £650 per calendar month.
- Potential income once fully let of £13,800 per annum., which provides a reversionary yield of 10.7%
