£167,500

Property for sale

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Offers in region of

£167,500

(£106.15/sq. ft)

Property for sale

72 Princes Avenue, Hull, East Riding Of Yorkshire HU5

1,578 sq. ft

Local area information

Property location

Nearby amenities

  • Froebel House School 0.1 miles
  • Pearson Primary School 0.2 miles
  • Hull 0.9 miles
  • Cottingham 2.7 miles

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

Features and description

  • Long standing tenants on ground & first floor.
  • Business not affected.
  • Ground floor butchers producing £9,000 per annum, which is held on a 5 year lease from 10th November 2022.
  • First & Second floor comprises of a spacious 3 bedroom flat producing £5,400 per annum.
  • Total Income of £14,400 per annum will reflect a Net Initial Yield of 8.45% after purchases costs at 1.71%.
The property consists of a mid-terrace three storey mixed use property with the ground floor operating as an established butchers for many years with front sales, rear ancillary storage and garage with parking. The first & second floors consist of a spacious three bedroom flat, with the first floor floor includes a double bedroom, bathroom with separate WC, kitchen and living facilities with two further bedrooms on the second floor. The ground floor is held on a 5 year lease paying £9,000 per annum from the 10th November 2022. The upper floor has been held on Assured Shorthold Tenancy agreement for a long established tenant whereby they are paying £450 per calendar month (£5,400 per annum) with a total income of £14,400 per annum.

More information

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  1. Zoopla
  2. Commercial for sale
  3. East Riding of Yorkshire
  4. Hull
  5. Princes Avenue

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