Commercial property for sale in 72 Princes Avenue, Hull, East Riding Of Yorkshire HU5
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Property features
- Long standing tenants on ground & first floor.
- Business not affected.
- Ground floor butchers producing £9,000 per annum, which is held on a 5 year lease from 10th November 2022.
- First & Second floor comprises of a spacious 3 bedroom flat producing £5,400 per annum.
- Total Income of £14,400 per annum will reflect a Net Initial Yield of 8.45% after purchases costs at 1.71%.
Property description
The property consists of a mid-terrace three storey mixed use property with the ground floor operating as an established butchers for many years with front sales, rear ancillary storage and garage with parking. The first & second floors consist of a spacious three bedroom flat, with the first floor floor includes a double bedroom, bathroom with separate WC, kitchen and living facilities with two further bedrooms on the second floor. The ground floor is held on a 5 year lease paying £9,000 per annum from the 10th November 2022. The upper floor has been held on Assured Shorthold Tenancy agreement for a long established tenant whereby they are paying £450 per calendar month (£5,400 per annum) with a total income of £14,400 per annum.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Garness Jones, HU1 on +44 1482 763794 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Garness Jones, and do not constitute property particulars. Please contact Garness Jones 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.