Investment for sale Kingston upon Hull HU2 8JQ,4495sq ft

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Investment

Investment For Sale Kingston upon Hull

PROPERTY ID: 140666

PROPERTY TYPE

Investment

STATUS

Available

SIZE

4,495 sq.ft

Key Features

Highly visible attractive investment opportunity within close proximity to Hull City Centre.

Benefiting from 30 car parking spaces.

Current income £42,000 per annum with a potential income, once fully let of £53,500 per annum.

Provides a net initial yield of 6.68% after purchase costs of 4.75%, which reflects a reversionary yield, once fully let of 8.51% after purchase costs of 4.75%.

Property Details

The Property Comprises Of A Traditional Brick 2 Storey Office Under A Pitched Tiled Concrete Roof Which Benefits From 30 Car Parking Spaces Which Equates To 1 Space Per 150 Sqft. Internally The Building Has Been Configured To Provide 4 Self-contained Unit Which Benefit From Class E Use With Suite 2 & 4 Operating As A Dental Practice By Den-call Limited, With Suite 1 On The Ground Floor Consisting Of An Open Plan Office And Suite 3 On The Second Floor Let On Informal Terms To Esteem Which Consists Of Predominantly Open Plan Office With A Separate Managers Office, Board Room And Kitchen Facilities.

The Property Has Communal Wc Facilities On Ground And First Floor With The Upper Floors Benefiting From A Lift To Serve The Upper Floor.

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About the Agent

Garness Jones Commercial Ltd

See Agent's Other Properties

Investment Unit

£600,000 Freehold

Freetown Court,Freetown Way/Russell Street, Kingston upon Hull, HU2 8JQ

Investment - Available
4,495 sq ft
418 sqm

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