Retail premises for sale in Norwich House, Savile Street, Hull HU1

£1,300,000 (£44.11/sq. ft)
Interested in this property? Call +44 1274 506652 * or Request Details

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Retail premises for sale

29,472 sq. ft*

Property description

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:-

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
Sharma Williamson, LS28 on +44 1274 506652 * (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 Sharma Williamson, and do not constitute property particulars. Please contact Sharma Williamson 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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