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428-428A Holderness Rd 1,655 sq ft Retail Property Hull HU9 3DW £135,000 (£81.57/sq ft) 8.18% Net Initial Yield
Investment Highlights
- The main road into and out of Hull is the M62 motorway/A63 road
- Hull, is a port city and unitary authority in the East Riding of Yorkshire, Northeastern England
- Provides a link to the cities of Leeds, Manchester and Liverpool
Executive Summary
The property is arranged as a ground floor takeaway shop and three-bedroom self contained flat on first and second floor.
The shop is at present let to an Individual for a term of 10 years from 9th September 2015 at a current rent of £4,800 per annum and the lease contains full repairing and insuring covenants. The lease provides for a rent review every third year. The first/second floor residential flat is at present let on an AST to an Individual for a term of 12 months from 1st March 2020 at a current rent of £6,240 per annum. Rent deposit is held of £520.
The shop is at present let to an Individual for a term of 10 years from 9th September 2015 at a current rent of £4,800 per annum and the lease contains full repairing and insuring covenants. The lease provides for a rent review every third year. The first/second floor residential flat is at present let on an AST to an Individual for a term of 12 months from 1st March 2020 at a current rent of £6,240 per annum. Rent deposit is held of £520.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,655 sq ft
Costar Property Class
B
Year Built
1903
Price
£135,000
Price per sq ft
£81.57
Yield
8.18%
NOI
£11,040
Tenancy
Single
Number of Floors
3
Plot ratio
0.95
Total Plot Size
0.04 ac
Frontage
16 ft on Holderness Road
Amenities
- Security System
- Storage Space
1 1
Nearby Major Retailers
1 of 3
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428-428A Holderness Rd
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