Studio for sale in 27 And 27A Princes Avenue, Hull, North Humberside HU5

For sale by online auction Thursday 11th April 2024 at 9.00AM. Mixed use commercial and residential investment. Turnkey tenanted commercial unit with long leasehold (999 years). Current rental income of £8,400 per annum - ideal investment with immediate income stream. Comes with vacant two bedroom flat occupying the 3 upper floors of the building.

Online Property Auctions are delighted to present this long leasehold commercial investment on busy retailing street. This commercial unit is currently tenanted on a 5 year lease (starting from May 2022) at £8,400 per annum - currently trading as Asan's Barbers.

The property also comes with a vacant freehold two bedroom flat set over first, second and third floors, with a balcony to the rear. Estimated end-market rent is in the region of £700pcm, giving the portfolio a potential income of £16,800. Fantastic yield of 11.3% at Guide Price. Ideal Buy-to-Let investment, or first time flat.

The property is located on a busy retailing street, near Hull city centre. There are many shops, takeaways and other amenities in the area, with residential flats above. Close vicinity to the University of Hull.

To view legal documents relating to this property please visit our website.

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All prices quoted are exclusive of VAT.