Holderness Road, Hull

Hull, East Yorkshire, HU8 8TA

£89,950

To book a viewing, call: 01482 375212

Or we can call you: Request Callback

SOLD Subject to Contract

Key Features

  • Investment Shop Premises
  • Shop Unit c. 35.7 m² (383 ft²)
  • Busy Arterial Road
  • Self Contained 2 Bed Flat
  • Long Term Tenants
  • Popular Retailing Area
  • 10.7% Gross Yield
  • Freehold Interest Available

Introduction

The property is situated on the Northern side of Holderness Road which forms one of the main arterial roads leading eastwards from the city centre approximately 1 miles away. Holderness road forms a long established secondary retailing area serving the heavy populas of this part of the city and is directly opposite a small retail park known as Kingston Shopping center which includes a McDonalds drive through restaurant and other national occupiers. The property is also close to the " Mount " shopping centre which includes Asda, DW Sports and Matalan stores.The parade of shops includes a florists, barbers, taxi stand and hot food takeaways.

Location

The property is situated on the Northern side of Holderness Road which forms one of the main arterial roads leading eastwards from the city centre approximately 1½ miles away. Holderness road forms a long established secondary retailing area serving the heavy populas of this part of the city and is directly opposite a small retail park known as Kingston Shopping center which includes a McDonalds drive through restaurant and other national occupiers. The property is also close to the " Mount " shopping centre which includes Asda, DW Sports and Matalan stores.The parade of shops includes a florists, barbers, taxi stand and hot food takeaways.

Shop accommodation - measured on a gia basis

35.7 m² occupying the ground floor, the shop to the frontage has a brick riser with uPVC double glazed display and entrance, together with a roller shutter.

Flat accommodation

Flat 197a, access from the rear yard via entrance with stairs to the first and second floor. The flat is uPVC double glazed with gas central heating.

Kitchen

3.82m x 3.06 (12'6" x 10'0")

Fully fitted with base, drawer, wall and sink units with built in oven and four plate hob

Lounge

5.32 x 3.95 (17'5" x 12'11")

Second floor landing

Bedroom (1)

5.3m x 4 0 (17'4" x 13'1" 0'0")

Bedroom (2)

3.92m x 3.01m (12'10" x 9'10")

With Velux type roof light

External

Gated shared 'ten foot' to enclosed yard.

Services

The mains service of gas, water, electric and drainage are understood to be connected. Space heating to the flat premises is from a gas boiler to pressed steel radiators.

Terms & price

The freehold interest is available offered by private treaty with a price of £89,950.

Lease / occupancy details

The occupier of the retail shop unit five year lease granted from the 4th March 2019 at £450 per calendar month and have expressed a willingness to consider a longer fixed term.

The flat is understood to be occupied under a monthly periodic tenancy following expiry of an original Assured Shorthold Tenancy with a rent of £350 per calendar month.

Vat

We are advised that the premises are not registered for VAT and therefor VAT will not be chargeable on the sale

Outgoings

Internet enquirers through the Valuation Office Agency website reveal that the property has current rateable value of £3400 subject to either National or small business multiplayer or other relief. The flat is in Band A for Council Tax. Interested parties should clarify this position with the local rating authority the Hull City Council.

Energy performance certificate

The shop premises has an energy performance asset rating of 79 (Band D). The flat has an energy efficiency rating of 51 (Band E), further details are available from the sole agent.

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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