A fully let mixed commercial and residential investment property producing a net income of £11,400pa (Current business unaffected).

Offered as a mixed commercial investment opportunity the property provides a ground floor retail area of approximately 530 sq ft (currently run as a convenience store) with store room, kitchen an WC to the rear. The first floor has an external access and provides two bedrooms, two bathrooms, living room and kitchen. There is a detached former double garage at the rear providing an additional 340 sq ft of storage. The whole building is let to the same tenant at a rent of £11,400 pa. In the agents opinion the current rental level could be increased. The building has been well maintained and benefits from gas fired central heating to the first floor and double glazing to most first and second floor windows.

Tenure

The property is held under freehold title and is offered subject to the existing tenancy.

Situation

Beverley Road is a vibrant area being one of the main arterial roads into the City. It is also located close to the University and therefore offers strong demand from students.

Accommodation

Ground Floor: Retail Sales, Store, Kitchen, WC. First Floor: Hall, Landing, Shower Room, Kitchen, Living Room, Bedroom One. Second Floor: Landing, Bedroom Two, Bathroom. Outside: To the rear is an enclosed yard with personal door to the garage/Store and a steel staircase to the flat. Garage/Store: Garage/Store: The main access door has been blocked up for security but could easily be reinstated.

Current Lease

The property was let on the 6th December 2014 under a residential assured shorthold tenancy for a fixed term of three years at a rent of £11,400 pa exclusive of all outgoings. The current tenant has indicated a desire to continue with his occupancy of the whole building subject to negotiation of a new lease and rental terms.

Services

All mains services are connected to the property but have not been tested.

Viewing

Strictly by a appointment with the sole agents on 0845 400 9900.

Joint Agent

Dee Atkinson & Harrison 56 Market Place Driffield YO25 6AW Tel: 01377 241919

Energy Efficiency Rating (EPC)

Current Rating F

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, Parliament Street, Hull, East Yorkshire HU1 2BB, Ref: Mr Tim Hale, Tel: 01482 323123

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £600 inc VAT

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

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