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248 Hull Rd 815 sq ft Retail Property Hull HU4 7RS £239,000 (£293.25/sq ft) 8.28% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Established restaurant investment opportunity
  • Residential accommodation on the upper floor
  • Fully fitted space

EXECUTIVE SUMMARY

The premises comprise an end of terrace two storey property situated in a corner position with frontage both to Hull Road and Spring Gardens. The ground floor has a display window to the front and adjacent entrance door. The ground floor is fitted out as a restaurant and is primarily open plan. Located to the rear are client wc facilities and beyond this a fully fitted modern kitchen. A door to the side provides access to the first floor flat. The first floor provides a two bedroom flat with a lounge to the front, bathroom and galley kitchen. Externally the property benefits from having an enclosed yard to the rear plus two storage buildings. The property has vehicle access to the front via spring Gardens into a walled parking area.

ATTACHMENTS

Brochure

PROPERTY FACTS Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
815 sq ft
Costar Property Class
B
Year Built
1960
Price
£239,000
Price per sq ft
£293.25
Yield
8.28%
NOI
£19,788
Tenancy
Single
Number of Floors
1
Plot ratio
0.25
Total Plot Size
0.08 ac
Frontage
24 ft on Hull Road

AMENITIES

  • Storage Space

NEARBY MAJOR RETAILERS

Sainsbury's
Nisa
The Food Warehouse Ltd
ASDA Living
Pure Gym
Costa Coffee
Crossfit
Morrisons
Heron Foods
Lloyds Bank Plc
  • Listing ID: 35006189

  • Date on Market: 04/03/2025

  • Last Updated:

  • Address: 248 Hull Rd, Hull HU4 7RS

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