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478 Beverley Road, Hull, East Riding Of Yorkshire, HU5 1NE
For Sale £160,000 (Offers in the region of)
- Size: 1,366 sq.ft. / 1,366 sq.ft.
- Property Ref: 7730
- Type: Commercial Investment
The property comprises of a mixed use investment opportunity with the ground floor consisting of a self-contained ground floor lock-up shop which benefits from Class E Use and is operating as a barbers, with front sales, rear ancillary, staff kitchen and WC facilities.
The property held on a 6 year lease from 20th November 2023 with a passing rent of £8,160 per annum, with a rent review due on the 20th November 2026.
The first floor has a separate access via Vermont Street, consisting of a spacious 2 bedroom flat with living room, kitchen and bathroom facilities, which is held on a Assured Shorthold Tenancy agreement paying £550 per calendar month (£6,600 per annum).
Property features
- Located in a prominent position on Beverley Road. Surrounded by a mixture of residential, privately owned and student accommodation.
- Ground floor held on a 6 year lease from 20th November 2023, with a passing rent of £8,160 per annum.
- First floor 2 bedroom flat let on Assured Shorthold Tenancy agreement producing £550 per calendar month (£6,600 per annum).
- Provides a total income of £14,760 per annum. Provides a Net Initial Yield of 9.08% after purchase costs of 1.63%.
