Commercial Property in HU2 available for sale
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Commercial Properties for Sale near HU2, Hull

Find commerical property for sale in HU2 that meets your business or investment goals

More details for Charles St, Hull - Retail for Sale

Villandro House - Charles St

Hull, HU2 8DF

  • Retail for Sale
  • £700,000
  • 1,612 sq ft
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More details for Wincolmlee, Hull - Industrial for Sale

High Flags Wharf - Wincolmlee

Hull, HU2 0PZ

  • Industrial for Sale
  • £175,000
  • 37,780 sq ft
  • Security System

Hull Industrial for Sale - Kingston upon Hull

An excellent development opportunity of a Grade II Listed former Mill with full planning approval for conversion to create 20 self-contained apartments. A rare opportunity to acquire the second phase of the highly successful Old Mill development—an impressive Grade II listed riverside building with full planning permission granted for conversion into 20 apartments, including 2 large penthouse apartments on the top floor. The property is currently a shell, offering developers and investors a blank canvas to replicate the neighbouring scheme, which was completed and fully let, achieving a strong rental yield and excellent market response. The building spans four floors, with a new Building Regulations-approved metal staircase in place. The top floor is already studded out, complete with Velux windows and balconies constructed into the new roof, indicating progress and structural readiness for conversion. This setup significantly reduces the upfront redevelopment work and offers a clear path to completion. Some windows have also been replaced, an electrical supply has been installed, and the building is free of pigeon infestation. As part of the development, the neighbouring industrial building will be demolished to create parking for the flats; however, it is currently let on a 12-month business tenancy on a full repairing basis at a rent of £5,198pa (£433pcm). The first phase of the development (located next door) comprises 22 apartments and now generates an impressive annual rental income of approximately £160,000. Rents in the existing building range from £600-£675 per flat on the lower floors to £800-£875 per flat on the top-floor apartments, demonstrating strong demand and rental growth potential. Set in a riverside location with access to ample off-street parking, this second phase benefits from the same appeal that made Phase 1 a resounding success. The approved plans allow a mix of one- and two-bedroom apartments, ideally suited to the local rental market. Additionally, the surrounding area is undergoing major regeneration, further enhancing the long-term investment outlook. Whether you’re an experienced investor looking to expand your portfolio or a developer seeking a project with planning, proven demand, and significant upside, this opportunity represents exceptional potential with much of the groundwork already in place.

Contact:

Auction House Hull & East Yorkshire

Property Subtype:

Warehouse

Date on Market:

15/05/2026

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More details for 73-75 Francis St, Hull - Retail for Sale

County Tavern - 73-75 Francis St

Hull, HU2 8DT

  • Retail for Sale
  • £175,000
  • 5,355 sq ft
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Commercial Properties for Sale Within 5 miles of the HU2, Hull

More details for 94 Newland Av, Hull - Retail for Sale

94 Newland Av

Hull, HU5 3AA

  • Retail for Sale
  • £310,000
  • 2,485 sq ft
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More details for 48-50 Newland Av, Hull - Retail for Sale

48-50 Newland Av

Hull, HU5 3AE

  • Retail for Sale
  • £395,000
  • 3,553 sq ft
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More details for 31 Cottingham Rd, Hull - Retail for Sale

31 Cottingham Rd

Hull, HU5 2PP

  • Retail for Sale
  • £595,000
  • 3,498 sq ft
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More details for Wawne Rd, Hull - Office for Sale

Netherhall - Wawne Rd

Hull, HU7 4YG

  • Office for Sale
  • £235,000
  • 4,256 sq ft
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More details for 100 Manchester St, Hull - Industrial for Sale

100 Manchester St

Hull, HU3 4TX

  • Industrial for Sale
  • £925,000
  • 16,056 sq ft
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FAQs About Commercial Property For Sale in HU2

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How many commercial properties are currently available for sale in HU2?
There are currently 3 commercial properties available for sale. Sizes range from to , with an average size of. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in HU2?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Property values will vary depending on location, size, condition, tenant status and market demand.
What factors influence commercial property values?
Property values can be affected by location, building quality, asset size, lease terms, tenant covenant strength, redevelopment potential and local market conditions. For investment properties, income generation and yield are also important considerations.
What types of commercial property are available to buy?
The market may include offices, retail units, industrial properties, warehouses, land, mixed-use buildings and specialist assets. Availability will vary depending on location and current market conditions.
What should I consider before buying commercial property?
Key considerations include location, accessibility, property condition, planning permissions, lease arrangements, operating costs and future growth potential. Buyers should also understand any legal, environmental or structural issues that could affect value or usability.
What is rental yield and why does it matter?
Rental yield measures the income generated by a property relative to its purchase price. Investors often use yield to compare opportunities, although it should be considered alongside factors such as tenant quality, lease length and potential for capital growth.
Can I buy commercial property for my own business?
Yes. Many buyers purchase commercial property to occupy themselves rather than as an investment. Owning premises can provide greater control over operating costs, security of tenure and the potential to benefit from future capital appreciation.
Do I need a commercial mortgage?
Many buyers use commercial finance to fund acquisitions. Deposit requirements, lending terms and borrowing costs vary depending on the property, the buyer's circumstances and the intended use of the asset.
What due diligence should I carry out before buying?
Due diligence typically includes reviewing title documents, planning permissions, leases, service charge information, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What are the risks of buying commercial property?
Potential risks include market fluctuations, vacancy periods, tenant default, maintenance costs, planning restrictions and changes in local demand. Thorough due diligence and effective asset management can help reduce these risks.
Can overseas buyers purchase commercial property in the UK?
Yes. International buyers can purchase commercial property in the UK, although additional legal, tax and regulatory considerations may apply. Professional advice should be obtained before proceeding with a transaction.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax, legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

Discover More Commercial Properties for Sale in the HU2, Hull

You searched for commercial property for sale in HU2. Explore 3 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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