Under Offer
Hull – Patisserie
155 Springbank, Hull, North Humberside HU3 1BNFreehold Shop Investment
Price
£75,000
Rent P.A.
£6,000
Yield
8.00%
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
Holding Over
Area
1,062 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Recently refurbished
- Ground floor retail unit with first & second floor storage
- Situated in a prominent position on one of Hull's main arterial route
- Nearby occupiers include Sainsbury, Iceland, Kwik Fit, William Hill, amongst other local traders
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises of a mid terrace retail unit providing ground floor sales area with rear kitchen/store area and WC. The first floor contains two reception rooms that are utilised for ancillary storage/office and to the second floor provides further ancillary storage.
The property provides the following accommodation and dimensions:
No. 155 (Ground, First & Second Floor): 98.74 sq m (1,062 sq ft)
The property provides the following accommodation and dimensions:
No. 155 (Ground, First & Second Floor): 98.74 sq m (1,062 sq ft)
Tenancy Description
The shop is at present let to S. Zare t/a Patisserie for a term of 5 years from 26th January 2018 at a current rent of £6,000 per annum and the lease contains full repairing and insuring covenants. Rent deposit held of £1,500.
Tenancies & Accommodation
Location Description
Hull is a port city in the East Riding of Yorkshire, north-eastern England. It lies upon the River Hull at its confluence with the Humber Estuary, 25 miles (40 km) inland from the North Sea, 50 miles (80 km) east of Leeds, 34 miles (55 km) south-east of York and 54 miles (87 km) north-east of Sheffield. With a population of 260,645 (mid-2018 est.), Hull is the fourth-largest city in Yorkshire and the Humber.
