£1,300,000

Retail premises for sale

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  2. Property photo 2 of 2.
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£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.

Read our area guide for Hull to find out more about the local area.

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 £154,750 pa, this shows a investor purchaser an initial yield of approx. 13.8%.
VAT

VAT is chargeable on the sale price.
Viewing

By contacting the joint auctioneers:-

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Sharma Williamson. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Sharma Williamson for full details and further information.

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