3 bed light industrial for sale

Hallgate, Cottingham HU16

***Guide Price £270,000 - £280,000 plus Reservation Fee***

Prime Investment Opportunity in Cottingham

An exceptional opportunity to acquire a fully let mixed-use property in a prominent central location within the highly sought-after village of Cottingham. This well-positioned property offers an excellent return on investment, comprising two self-contained flats and a ground floor retail unit — all fully occupied with a strong rental demand.

The ground floor features a well-presented one-bedroom flat, currently generating an estimated rental income of £550 per calendar month. Above the retail unit is a spacious two-bedroom flat with an estimated rental potential of £650 per calendar month. The ground floor commercial unit benefits from excellent footfall in this busy location, with an estimated rental income in the region of £1,000 to £1,100 per calendar month.

Combined, the property offers an impressive estimated gross rental income of approximately £27,000 per annum, equating to an attractive gross yield of around 10%. This makes it a highly desirable addition to any investment portfolio, offering both immediate returns and long-term growth potential thanks to its prime location, ongoing regeneration of the wider area, and consistently strong rental demand in Cottingham.

Opportunities like this rarely become available in such a strong trading position, making early enquiries highly recommended.

**Fees, Exclusivity, and Disclaimer:**

**Fees:**

**Reservation Fee:** Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price. This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss.

The Reservation Fee can be refunded under certain circumstances;

i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey. For more information on what would qualify for a refund then please speak to the office

**Exclusivity:**

Following the payment of the reservation fee, rezee will facilitate a fixed exclusivity period of 90 days from draft contracts being issued. During this time the property will be reserved, so there will be no risk of gazumping.

**Process:**

Our process:

1. Register your interest

2. Prepare your finances for the purchase

3. Arrange a viewing

4. Make an offer

5. Secure your sale using our secure system

6. Exchange and complete

**Disclaimer:**

The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.

The Buyer is required to verify their id & show proof of funds.

rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. rezee may receive a referral fee for these third-party services.

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.

Stamp Duty, It's important for buyers to understand that not all property purchases incur Stamp Duty Land Tax (sdlt). Certain exemptions and thresholds exist, which may mean that some buyers won't have to pay sdlt at all. However, the specifics can vary based on several factors such as the purchase price, the buyer's circumstances and seller’s circumstances. To determine whether sdlt applies to their purchase and to understand the amount they may be required to pay, buyers are encouraged to seek advice from a solicitor.

rezee innovative way of selling is a secure and straightforward way to buy property.

Fully occupied and income-producing