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294-294 Southcoates Ln 1,302 sq ft 100% Let Retail Property Hull HU9 3AP £105,000 (£80.65/sq ft) 7.52% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • The property is on the south side Southcoates Lane and forms part of a parade of neighbourhood retail units
  • This is about 2.5 miles north east from Hull city centre in an established residential area
  • Situated near a large pharmacy close to the busy junction with Preston Road

EXECUTIVE SUMMARY

The property is arranged as a terraced retail unit with hot food takeaway planning consent and self-contained living accommodation. The property includes a modern shop front and sales area with fryer, preparation/storage rooms and WC. The two-bedroom self-contained flat on the first floor has gas central heating and uPVC double glazing. This flat is independently accessed from a securely fenced rear yard.

PROPERTY FACTS Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,302 sq ft
Costar Property Class
B
Year Built
1930
Price
£105,000
Price per sq ft
£80.65
Yield
7.52%
NOI
£7,900
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.75
Total Plot Size
0.04 ac
Frontage
15 ft on Southcoates Lane

AMENITIES

  • Roller Shutters
  • Storage Space

NEARBY MAJOR RETAILERS

Morrisons
Farmfoods
Tesco
Fultons Foods
ASDA
Lloyds Bank Plc
National Westminster Bank Plc
Lidl
Iceland
Starbucks
  • Listing ID: 33281780

  • Date on Market: 24/09/2024

  • Last Updated:

  • Address: 294-294 Southcoates Ln, Hull HU9 3AP

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