Available
Hull – Three-Storey Vacant Retail
218 Hessle Road, Hull HU3 3BGFreehold Vacant Retail with Residential Development Potential
Price
£90,000
Rent P.A.
ERV: £8,500
Tenure
Freehold
Area
2,293 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- ERV: £8,500 p.a. GIY: 9.45%
- VAT is NOT applicable to this property
- Comprises ground floor shop with ancillary accommodation at first and second floor
- Total area size 213.10 sq m (2,293 sq ft)
- Residential development potential of the rear ground and upper floors, subject to planning
- Nearby occupiers include William Hill, Boyes and Premier Convenience Store among others.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises large ground floor shop with ancillary accommodation at first and second floor. The property benefits from rear access and provides the following accommodation and dimensions:
Ground Floor: Shop 117.60 sq m (1,265 sq ft)
First Floor: Ancillary 74.30 sq m (800 sq ft)
Second Floor: Ancillary 21.20 sq m (228 sq ft)
Total GIA*: 213.10 sq m (2,293 sq ft)
*Sizes sourced from VOA and not measured by Blue Alpine.
Ground Floor: Shop 117.60 sq m (1,265 sq ft)
First Floor: Ancillary 74.30 sq m (800 sq ft)
Second Floor: Ancillary 21.20 sq m (228 sq ft)
Total GIA*: 213.10 sq m (2,293 sq ft)
*Sizes sourced from VOA and not measured by Blue Alpine.
Tenancy Description
The entire property is at present vacant. ERV: £8,500 p.a.
Location Description
The property is situated on the north side of Hessle Road between Marmaduke Street and Welsted Street, within an established retail area which serves the surrounding residential areas. The A63, the main arterial road into the city from the west, is a short distance to the east. The Elliott Chappell Health Centre is directly opposite the property whilst other occupiers include William Hill, Boyes and Premier Convenience Store among others.