£149,950

Retail premises for sale

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£149,950

(£163.00/sq. ft)

Retail premises for sale

Holderness Road, Hull HU9

922 sq. ft

Local area information

Property location

Nearby amenities

  • Alderman Cogan's Church of England Primary Academy 0.2 miles
  • Ings Primary School 0.4 miles
  • Hull Ferry Terminal 1.6 miles
  • Hull 2.6 miles

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

Features and description

  • Freehold Shop & Flat Opportunity
  • Commercial accommodation 38.1 sq m (410 sq ft) overall
  • Total area including uppers 85.7 sq m (922 sq ft)
  • Flat currently generating a gross income of £3,000 p.a. (£250 p.c.m.)
  • Nearby occupiers inc. Morrisons, Farmfoods, Delta Healthcare and Astoria Bingo
The subject property is located on the south side of Holderness Road approximately 3 miles from Hull city centre within a terrace of commercial property near its entrance to the Morrisons supermarket. Holderness Road serves as one of the main access routes receiving high volumes of traffic and providing cross-city connections to and from the east of Hull. Nearby operators include Morrisons, Farmfoods, Delta Healthcare and Astoria Bingo.

Description

The mid-terrace property is of traditional brick construction built to two-storey height beneath a pitched interlocking concrete tile clad roof incorporating a rear single-storey projection beneath a mono pitched tile clad roof. The property façade is part rendered at the first-floor level with a uPVC shop front with single door access. Internally, the commercial element provides a main sales and staff kitchen benefitting from a suspended ceiling with strip lighting and surface mounted electrics. The rear lobby provides access to a ground floor kitchen serving a two-bedroom flat. There is garden and garage to the rear accessed off Aberdeen Street.

Rateable Value

The property is described as ‘Shop & Premises’ with a Rateable Value of £4,500, effective April 2023 which, under current provisions, provides 100% small business rates relief (subject to occupier status). Local Authority reference: The residential element of the property has a Council Tax banding of ‘A’

Current tenancy

The residential element is currently occupied under an informal arrangement at a passing rent of £250 pcm (£3,000 per annum). We understand the tenant would be interested in entering into an AST agreement.

Disposal Terms

The freehold interest is available For Sale at a guide price of £149,950.

More information

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  1. Zoopla
  2. Commercial for sale
  3. East Riding of Yorkshire
  4. Hull
  5. Holderness Road