Commercial Property in Preston East Riding of Yorkshire available for sale
1

Commercial Property for Sale near Preston, East Riding of Yorkshire, Hull

The max can't be less than the min

Commercial Properties for Sale Within 5 miles of the Preston, East Riding of Yorkshire, Hull

More details for 90 Main Rd, Hull - Retail for Sale

The Old Post Office - 90 Main Rd

Hull, HU11 4NL

  • Retail for Sale
  • £375,000
  • 2,062 sq ft
  • Energy Performance: D

Hull Retail for Sale - Thorngumbald

The property comprises of three units to provide a mixed-use investment opportunity. The ground floor comprises of a large cafe fronting Main Road and currently producing £8,340 per annum. At the rear there is a well presented micro-pub which contains a traditional looking bar with seating and an additional seating area within the extension that is complete with a log burner to provide a warm and cost environment. The micro pub is currently producing £11,400 per annum and therefore the total income is approximately £19,740 per annum. There is potential to increase the rents upon both units subject to further discussions and negotiations. Both tenants have been longstanding and established businesses serving the Thorngumbald and wider community. The property also includes a rear customer parking area for circa 10 spaces. Upon the first floor, the property comprises of a self contained two bedroom flat that is finished to a high standard throughout. The flat will be sold with the benefit of a brand new AST agreement at approximately £700 per calendar month to provide a total income across all three units of approximately £28,140 per annum. Additionally, the flat is also available with full vacant possession if required.

Contact:

Barker Property Consultants

Property Subtype:

Shopfront Retail / Residential

Date on Market:

16/08/2024
Hide
See More
LoopNet UK North Humberside Hull Commercial Properties For Sale in Preston East Riding of Yorkshire, Hull, UK

Learn More About Investing in Commercial Properties

More Articles
How Do You Value a Commercial Building?
How Do You Value a Commercial Building?
Key Assessment and Valuation Methods for Property Investment
What is Commercial Property Yield?
What is Commercial Property Yield?
Essential Knowledge for Maximising Your Commercial Property Returns
Understanding Net Initial Yield (NIY)
Understanding Net Initial Yield (NIY)
A Comprehensive Guide for UK Investors
Gross Yield in Commercial Property Analysis
Gross Yield in Commercial Property Analysis
Essential Knowledge for UK Property Investors and Owners
Equivalent Yield Explained: Evaluating Commercial Property Returns
Equivalent Yield Explained: Evaluating Commercial Property Returns
Essential Knowledge for UK Property Investors and Owners
Understanding Reversionary Yield in Commercial Property Investment
Understanding Reversionary Yield in Commercial Property Investment
Calculating Future Potential for UK Property Investors
What is Rental Yield in Commercial Property Investing?
What is Rental Yield in Commercial Property Investing?
Understanding Property Investment Returns and Income Assessment
Internal Rate of Return (IRR) Calculator Explained
Internal Rate of Return (IRR) Calculator Explained
Maximise Returns on Your UK Commercial Property Portfolio with Calculated IRR

FAQs about Commercial Properties For Sale in Preston East Riding of Yorkshire

See All Properties For Sale
How many Commercial Property listings are available for sale in Preston East Riding of Yorkshire?
There are currently 0 Commercial Properties available for sale near Preston East Riding of Yorkshire. These Preston East Riding of Yorkshire Commercial Property listings have an average size of. The largest available listing in Preston East Riding of Yorkshire is. The thriving commercial centre and excellent transport links in Preston East Riding of Yorkshire make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Preston East Riding of Yorkshire?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in Preston East Riding of Yorkshire currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in Preston East Riding of Yorkshire?
There is a diverse range of commercial properties available in Preston East Riding of Yorkshire to suit various business needs. Preston East Riding of Yorkshire offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 0 Preston East Riding of Yorkshire commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the Preston, East Riding of Yorkshire, Hull

Market Overview for Commercial Properties in Preston East Riding of Yorkshire

Key information for Commercial Properties investors in Preston East Riding of Yorkshire and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Hull £106 6,978 sq ft
Withernsea £59 2,592 sq ft
Barton Upon Humber £27 4,232 sq ft
Beverley £127 2,583 sq ft
Grimsby £156 2,395 sq ft

Rental Price Trends in Preston East Riding of Yorkshire

The price per square foot range for Commercial Properties in Preston East Riding of Yorkshire and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Hull £3 £106 £330
Withernsea £59 £59 £59
Barton Upon Humber £27 £27 £27
Beverley £71 £127 £185
Grimsby £18 £156 £606

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Preston East Riding of Yorkshire area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Hull 485 sq ft 6,978 sq ft 45,785 sq ft
Withernsea 2,239 sq ft 2,592 sq ft 2,944 sq ft
Barton Upon Humber 4,232 sq ft 4,232 sq ft 4,232 sq ft
Beverley 1,145 sq ft 2,583 sq ft 6,399 sq ft
Grimsby 269 sq ft 2,395 sq ft 13,543 sq ft

You searched for commercial property for sale in Preston East Riding of Yorkshire. Explore 0 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.

LoopNet - the worlds No. 1 commercial property marketplace.

Nearby Towns & Cities
Areas In & Around
Resources
Other Property Types
Major Investment Markets