Under Offer
Hull – Takeaway & Flat
428 Holderness Road, Hull, North Humberside HU9 3DWFreehold Shop and Residential Investment
Price
£135,000
Rent P.A.
£11,040
Yield
8.18%
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
8m
Area
1,655 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- No breaks. Lease expiry 2025
- Comprises ground floor takeaway shop and three-bedroom self contained flat on first and second floor
- Occupiers nearby include Boots, Enterprise Car Hire, Eat Italian, Lee Street Post Office and a number of local shops and restaurants
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property is arranged as a ground floor takeaway shop and three-bedroom self contained flat on first and second floor.
The property provides the following accommodation and dimensions:
No. 428 (Ground Floor Shop) 55.73 sq m (600 sq ft)
No. 428A (First/Second Floor Flat) 98.00 sq m (1,055 sq ft)
The property provides the following accommodation and dimensions:
No. 428 (Ground Floor Shop) 55.73 sq m (600 sq ft)
No. 428A (First/Second Floor Flat) 98.00 sq m (1,055 sq ft)
Tenancy Description
The shop is at present let to an Individual for a term of 10 years from 9th September 2015 at a current rent of £4,800 per annum and the lease contains full repairing and insuring covenants. The lease provides for a rent review every third year. The first/second floor residential flat is at present let on an AST to an Individual for a term of 12 months from 1st March 2020 at a current rent of £6,240 per annum. Rent deposit is held of £520.
Tenancies & Accommodation
Location Description
Hull, is a port city and unitary authority in the East Riding of Yorkshire, Northeastern 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. The main road into and out of Hull is the M62 motorway/A63 road, one of the main east–west routes in Northern England. It provides a link to the cities of Leeds, Manchester and Liverpool, as well as the rest of the country via the UK motorway network. Occupiers nearby include Boots, Enterprise Car Hire, Eat Italian, Lee Street Post Office and a number of local shops and restaurants.