Restaurant/cafe for sale in Springbank, Hull HU3

Fixed price £75,000 (£70.62/sq. ft)
Restaurant/cafe for sale 1,062 sq. ft*
Interested in this property? Call +44 20 3641 9157 * or Request Details

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Property features

  • Freehold Shop Investment
  • Comprises ground floor retail unit with first & second floor storage
  • Recently refurbished
  • Situated in a prominent position on one of Hull's main arterial route
  • VAT is not applicable to this property
  • Nearby occupiers include Sainsbury, Iceland, Kwik Fit and William Hill

Property description

Investment Consideration:
Gross Initial Yield: 8.00%
Rental Income: £6,000 p.a.
VAT is not applicable to this property.
Recently refurbished.
Ground floor retail unit with first & second floor storage.
Situated in a prominent position on one of Hull's main arterial route.
Nearby occupiers include Sainsbury, Iceland, Kwik Fit, William Hill, amongst other local traders.

Property Description:
The property comprises of a mid terrace retail unit providing ground floor sales area with rear kitchen/store area and WC. The first floor contains two reception rooms that are utilised for ancillary storage/office and to the second floor provides further ancillary storage.

The property provides the following accommodation and dimensions:
No. 155 (Ground, First & Second Floor): 98.74 sq m (1,062 sq ft)

Tenancy:
The shop is at present let to S. Zare t/a Patisserie for a term of 5 years from 26th January 2018 at a current rent of £6,000 per annum and the lease contains full repairing and insuring covenants. Rent deposit held of £1,500.

Location:
Hull is a port city in the East Riding of Yorkshire, north-eastern England. It lies upon the River Hull at its confluence with the Humber Estuary, 25 miles (40 km) inland from the North Sea, 50 miles (80 km) east of Leeds, 34 miles (55 km) south-east of York and 54 miles (87 km) north-east of Sheffield. With a population of 260,645 (mid-2018 est.). Hull is the fourth-largest city in Yorkshire and the Humber.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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