Guide price
£700,000
Land for saleLittle Reed Street, Hull HU2
290,893,680 sq. ft
About this property
Mixed-use investment opportunity situated off Little Reed Street
Fronting Freetown Way
11 units providing total income £61,200 per annum.
Three commercial units producing £19,800 per annum.
Seven 1-bed flats and one 2-bed flat producing £41,400 per annum.
Freehold subject to existing tenancies at a guide price of £700,000.
Net initial yield of 8.42% assuming purchaser’s costs of 3.8%.
Villandro House comprises of three ground floor commercial units that are fully let and a further eight self- contained residential flats situated upon the ground, first and second floors also fully let and income producing. The entire property which is held under four freehold titles, presents a mixed-use investment opportunity with a total combined income approximately £61,200 per annum within Hull city centre.
The ground floor units comprise of an aesthetics clinic, gym and recruitment agency with each unit suitably modernised for each purpose. The flats each contain well presented kitchen, bathrooms and living space. This opportunity will appeal to a private investor seeking to grow their existing or purchase a mixed-use property portfolio within the city centre.
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