Available
Hull – Takeaway
219 Buckingham Street, Hull HU8 8TSFreehold Takeaway Investment
Price
£114,000
Rent P.A.
£12,000
Yield
10.53%
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
4y 11m
Area
700 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor takeaway shop with ancillary accommodation above
- Most of the equipment belongs to landlord. Benefits from gas boiler heating and EPC rating B
- Situated in predominantly residential area with occupiers nearby including Nisa Local and Barber shop
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises mid-terrace ground floor takeaway with ancillary accommodation at first floor. The property benefits from rear yard and provided the following accommodation and dimensions:
Ground Floor: Counter, kitchen, storage, wc and shower
First Floor: 2 rooms
Total area size: 65 sq m (700 sq ft)
Ground Floor: Counter, kitchen, storage, wc and shower
First Floor: 2 rooms
Total area size: 65 sq m (700 sq ft)
Tenancy Description
The property is at present let to an Individual for a term of 5 years from 21st March 2025 at a current rent of £12,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 21.03.28 open market upward only. Tenant option to determine on 21.03.28 with min 3 months notice. Deposit held of £1,734. Tenant pays reduced rent of £10,404 p.a. for the first year. The vendor will top up rent until 21.03.26 so the buyer receives the equivalent to £12,000 p.a. from completion
Tenancies & Accommodation
Location Description
The property is situated in predominantly residential area within 1.5 miles from Hull City Centre, with occupiers nearby including Nisa Local and Barber Shop.
