A Commercial Investment Producing £12,240 per annum (Inc. VAT). The Property Measures Approximately 1,550 sq ft (143.99 sq m) and the First Floor May be Suitable for Residential Conversion to Provide a Large Self-Contained Flat (Subject to obtaining all relevant consents).
The property comprises a mid terrace building arranged over ground and first floors currently arranged as a ground floor shop with first floor ancillary accommodation.
The property forms part of an established parade on a busy main road in Hull amongst local shops and amenities. Nearby multiples include McDonalds, Lloyds Bank, Boots and Ladbrokes. Transport links are provided by Hull Paragon Interchange rail station.
Ground Floor Shop Area (16'0" Frontage, 55'0" Depth) (G.I.A 750 sq ft) First Floor Ancillary Accommodation (G.I.A 800 sq ft) Total G.I.A 1,550 sq ft
The entire building is let to Polska Chata on an FRI Lease for a term of 3 years commencing 2017 at a rent of £12,240 Including VAT per annum.
Current Rent Reserved
Current Rent Reserved £12,240 Incl. VAT per annum
We understand that the current tenants have been in occupation for more than 4 years.
VAT is applicable
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.