Hessle Road, Hull

Hull, , HU3 4UD

£150,000

To book a viewing, call: 01482 375212

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Key Features

  • Mixed Investment Opportunity
  • Potential Gross Yield c.12 %
  • 2 x Commercial Units (1 x vacant)
  • 3 x Let Self Contained 1 Bed Flats
  • Popular Retailing Area
  • Large Yard & Parking off Secure Access
  • Majority Occupied
  • Freehold Interest Available

Introduction

The parade fronts onto Hessle Road, close to its junction with Brighton Street a short distance from bot the Asda and Liddel supermarkets approximately 2 miles west of Hull City Centre, with good access to the A63 main duel carriageway leading into and out of the city. Hessle Road is a popular retail area comprising of mixed users serving a heavily populated area of the City. The premises are situated within an established parade having parking to the frontage and private parking and yard to the rear over a shared secure access.

Location

The parade fronts onto Hessle Road, close to its junction with Brighton Street a short distance from bot the Asda and Liddel supermarkets approximately 2 miles west of Hull City Centre, with good access to the A63 main duel carriageway leading into and out of the city. Hessle Road is a popular retail area comprising of mixed users serving a heavily populated area of the City. The premises are situated within an established parade having parking to the frontage and private parking and yard to the rear over a shared secure access.

Description

FREEHOLD MIXED COMMERCIAL & RESIDENTIAL INVESTMENT OPPORTUNITY extending over two units of traditional brick and tile construction, shop display windows and doors being in glazed alloy with roller shutters, windows to the remainder being principally in uPVC and double glazed. To the rear there is a secured service road and private good size parking area/service yard. 505 Hessle Road, previously having an office user is vacant, 507 is a tattoo studio Russel Ink Tattoo. To the first floors there are two one bedroom self contained flats which are all let.

Accommodation 505 (measured on a nia basis)

Vacant
Ground Floor:
Offices - 39.2 sq m (421 sq ft)
Office/Store - 12.4 sq m (134 sq ft)
Store - 2.4 sq m (26 sq ft)

Totals: - 54 sq m (581 sq ft) approx.

Accommodation 507 (measured on a nia basis)

Occupied by Russel Ink Tattoo
Ground Floor:
Retail Sales - 32.9 (354 sq ft)
Office/Store - 16.4 (176 sq ft)
Kitchen - 4.4 (47 sq ft)

Totals - 53.7 sq m (578 sq ft) approx.

Accommodation first floor flats

Flat 1. 505 - 1 x Bed
Flat 2. 507 - 1 x Bed

Lease/occupancy details

505: Vacant, previously let on internal repairing terms £375/month
507: Initial 12 month licence commencing 27/06/16 on internal repairing terms £416.66/month
Flat 1. 505: 6 month AST commenced 22/09/16, rent £260/month
Flat 1. 507: 6 month AST commenced 16/10/14, rent £260/month

Terms

The freehold interest is available by Private Treaty, with vacant possession to the ground floor of 505 Hessle Road.

Vat

We are advised the premises are not registered for VAT and therefore VAT will not be charged on the sale price

Energy performance certificates (epc's)

505: Band E Reading 103
507: Band E Reading 118

Flat 1. 505: Band E Reading 53
Flat 1. 507: Band E Reading 39

Planning user

Historically the premises have had a mixed user of both retail (A1 Shops) and office (A2 Financial & Professional Services). Prospective purchasers should make their own enquiries with the Hull City Council Planning Department as to any future proposed use by contacting the councils planning department on (01482) 300 300 or emailing dev.control@hullcc.gov.uk

Business rates

Internet enquiries through the Valuation Office Agency website have revealed that 505 Hessle Road has a current Rateable Value £4,700 per annum with 507 Hessle Road having a Rateable Value of £5,000 subject to either the national or small business multiplier or other reliefs. Prospective purchasers should clarify this position with the local rating authority, Hull City Council details of the councils small business rate reliefs for 2018/19 can be viewed at http://www.hull.gov.uk/business/business-rates/small-business-rates-relief or by contacting the council on (01482) 300 300.

Price

£150,000 for the freehold interest.

Viewing

Strictly by appointment with the sole agents (01482) 375212

Property Location



Property Agents Hull & East Yorkshire

Leonards are an independent partnership established in 1884 as a mixed practice firm of land and estate agents, letting agents, property managers, chartered surveyors and valuers in Hull and East Yorkshire. With such experience comes in depth knowledge meaning we uphold our traditional values whilst providing a modern professional service that is tailored to your individual needs. We not only aim to market your property, but with our helpful and enthusiastic staff we aim to achieve a high level of customer service leading to a successful conclusion of your property transaction.

Head Office

  • 512 Holderness Road
  • Hull
  • East Yorkshire
  • HU9 3DS

Brough Office

  • 59 Welton Road
  • Brough
  • East Yorkshire
  • HU15 1AB


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