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211-215 Chanterlands Av 3,626 sq ft 100% Let Retail Property Hull HU5 3TP £415,000 (£114.45/sq ft) 5.76% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Significant asset management potential.
- Three commercial units with two self contained flats situated above.
- Mixed-use investment opportunity situated on Chanterlands Avenue in Hull.
EXECUTIVE SUMMARY
The ground floor occupiers include a dance studio and beauty salon with a former art gallery that is due to become vacant and marketed to let. Each of the ground
floor units are currently holding over and the first floor floor flats are each let on AST agreements. The total income across all units is approximately £23,900 per
annum with significant potential to increase the total income to approximately £42,300per annum.
floor units are currently holding over and the first floor floor flats are each let on AST agreements. The total income across all units is approximately £23,900 per
annum with significant potential to increase the total income to approximately £42,300per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,626 sq ft
Costar Property Class
C
Year Built
1987
Price
£415,000
Price per sq ft
£114.45
Yield
5.76%
NOI
£23,900
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.72
Total Plot Size
0.12 ac
Frontage
52 ft on Chanterlands Avenue
AMENITIES
- 24 Hour Access
- Bus Route
- Roller Shutters
- Storage Space
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NEARBY MAJOR RETAILERS
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211-215 Chanterlands Av
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