£1,300,000

Retail premises for sale

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Auction

£1,300,000

(£1,300,000.00/sq. ft)

Retail premises for sale

Norwich House, Savile Street, Hull HU1

29,472 sq. ft

Local area information

Property location

Nearby amenities

  • Hull Trinity House Academy 0.2 miles
  • Hull 0.3 miles
  • St Charles Voluntary Catholic Academy 0.4 miles
  • Hull Ferry Terminal 2.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

Situation

The property is situated in a prominent position in Hull City Centre approximately 400m east of Hull Railway Station. The property benefits from being just a short walk from Princes Quay Shopping Centre and the Prospect Shopping Centre with other neighbouring occupiers including the BBC, McDonalds and Tescos.
Property/accommodation

The property comprises a substantial 5 storey brick-built building extending to approx. 2,738 sq m (29,472 sq ft) and comprising 3 ground floor retail units and offices across 4 upper levels. The offices benefit from excellent natural light, central heating, perimeter trunking and 2 x 10 person passenger lifts.

A Tenancy Schedule is attached on page 3.
Guide price

£1.3m. Based upon the current rent received of £184,452, this shows a investor purchaser an initial yield of approx. 14.2%.

To be offered via Acuitus auction Lot 36 on 18th May 2023
VAT

VAT is chargeable on the sale price.
Energy performance certificate

Energy Performance Certificates are available within the Auctioneer’s Legal Pack.
Viewing

By contacting the joint auctioneers:-

More information

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  1. Zoopla
  2. Commercial for sale
  3. East Riding of Yorkshire
  4. Hull
  5. Savile Street

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