£1,300,000
(£1,300,000.00/sq. ft)
Retail premises for saleNorwich House, Savile Street, Hull HU1
29,472 sq. ft
Added on
Sharma Williamson
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About this property
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:-
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