RETAIL INVESTMENT PROPERTY - CAFE PREMISES WITH LIVING ACCOMMODATION LET ON LONG LEASE

This retail investment comprises a terraced shop property with living accommodation above. The premises house an established cafe business, the full repairing lease having been renewed in 2014 for a period of 25 years and providing an income of £500 pcm (incl insurance premium).

Tenure

Freehold, subject to the existing lease.

Situation

The property is part of an established secondary shopping area about 1.25 miles west of the centre of the city. There are a large number and wide variety of shops and services in area, serving a densely populated surrounding district. It is located opposite the St Andrew's Retail Park which has a car park on site.

Accommodation

Ground Floor: Cafe/ Sales approx 395 sq ft / 36.7 sq m, Kitchen approx 164 sq ft / 15.3 sq m, Onbuilt lobby & toilet First Floor: Landing, Living Room, Bedroom, Bathroom with wc, Kitchen Second Floor: Attic Room Outside: Rear yard with pedestrian access.

Viewing

Strictly by appointment with Auction House Hull & East Yorkshire. Beverley office 01482 866844.

Joint Agent

Dee Atkinson & Harrison 11 Market Place Beverley HU17 8BB

Business Rates/Council Tax

Our enquiries indicate the premises are listed as follows: Cafe and Premises - Rateable value £4050. The living accommodation is listed separately with a Council Tax property Band A.

Services

All mains services are connected to the property. NB. Services, apparatus and equipment have not been tested by Auction House Hull & East Yorkshire and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Hull City Council

Solicitors

Graham & Rosen, 8 Parliament Street, Hull, HU1 2BB, Tel: 01482 314246

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.