Property photos
Just added
Offers in region of
£220,000
(£124.15/sq. ft)
Property for sale
Hessle Road, Hull, East Yorkshire HU31,772 sq. ft
Local area information
Property location
Nearby amenities
- The Sullivan Centre 0.2 miles
- The Boulevard Centre 0.2 miles
- Hull 1 mile
- New Holland 2.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Boyle Sports held on a 10 year Fri lease via a service charge. Paying £9,000 per annum.
- Upper floors have been recently refurbished to provide 2 self-contained 1 bed flats.
- Located in a prominent position on Hessle Road.
- Once fully let will provide an income of £20,880 per annum, which provides a Net Initial Yield of 9.29% after purchase costs of 2.14%.
The property comprises a mixed-use investment arranged over ground and upper floors.
The ground floor commercial unit is let to BoyleSports, a privately owned, family-run bookmaker with expansion aspirations to operate over 200 betting shops across the UK. For the financial year ending December 2023, the company reported a turnover of £7,968,000 and an operating profit of £1,045,000.
The lease is held on a 10-year Fri lease (via service charge) commencing 29th April 2024, with tenant break options on the 3rd and 6th anniversaries and a rent review on the 5th anniversary.
The upper floors have recently been refurbished to provide two self-contained one-bedroom flats, each finished to a high standard and independently accessed and will provide an income once fully let of £11,880 per annum £495 pcm per flat.
The ground floor commercial unit is let to BoyleSports, a privately owned, family-run bookmaker with expansion aspirations to operate over 200 betting shops across the UK. For the financial year ending December 2023, the company reported a turnover of £7,968,000 and an operating profit of £1,045,000.
The lease is held on a 10-year Fri lease (via service charge) commencing 29th April 2024, with tenant break options on the 3rd and 6th anniversaries and a rent review on the 5th anniversary.
The upper floors have recently been refurbished to provide two self-contained one-bedroom flats, each finished to a high standard and independently accessed and will provide an income once fully let of £11,880 per annum £495 pcm per flat.
More information
Listed by
Garness Jones
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Garness Jones. 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 Garness Jones for full details and further information.