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.

Tenure

Freehold

Location

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.

Accommodation

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

Tenancy

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

VAT is applicable

Services

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

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

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