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Villandro House Charles St 1,612 sq ft 100% Let Retail Property Hull HU2 8DF £700,000 (£434.24/sq ft) 8.42% Net Initial Yield



INVESTMENT HIGHLIGHTS
- Mixed-use investment opportunity
- Residential area with some retail and office circulation
- Situated off Little Reed Street and fronting Freetown Way
EXECUTIVE SUMMARY
Villandro House comprises of three ground floor commercial units that are fully let and a further eight selfcontained residential flats situated upon the ground, first and second floors also fully let and income producing. The entire property which is held under four freehold titles, presents a mixed-use investment opportunity with a total combined income approximately £61,200 per annum within Hull city centre.
The ground floor units comprise of an aesthetics clinic, gym and recruitment agency with each unit suitably modernised for each purpose. The flats each contain well presented kitchen, bathrooms and living space. This opportunity will appeal to a private investor seeking to grow their existing or purchase a mixed-use property portfolio within the city centre.
The ground floor units comprise of an aesthetics clinic, gym and recruitment agency with each unit suitably modernised for each purpose. The flats each contain well presented kitchen, bathrooms and living space. This opportunity will appeal to a private investor seeking to grow their existing or purchase a mixed-use property portfolio within the city centre.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,612 sq ft
Costar Property Class
C
Year Built
1957
Price
£700,000
Price per sq ft
£434.24
Yield
8.42%
NOI
£58,940
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Parking
1 Spaces (0.62 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Roller Shutters
NEARBY MAJOR RETAILERS
1 of 10
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Villandro House | Charles St
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