Offers in region of
£165,000
(£141.03/sq. ft)
Retail premises for saleSouthcoates Lane, Kingston Upon Hull HU9
1,170 sq. ft
About this property
Situated in highly prominent position.
2x freehold investment opportunities.
Redevelopment potential of upper floors subject to planning.
Offers in region of £165,000.
The properties are situated along Southcoates Lane close to Holderness Road in Hull approximately 2.3 miles north of the city centre.
The surrounding area comprises a mixture of local businesses and residential and is situated in a highly prominent position with plenty of vehicle traffic passing by on a daily basis. The properties comprise of two ground floor retail units each let at £6,000 per annum exclusive and currently producing a combined income of £12,000 per annum.
Both properties comprise of first floor accommodation which is currently vacant but previously used for ancillary storage. Both upper floors have the potential for residential conversion subject to planning. We are of the opinion once fully converted to deliver a mixed-use investment opportunity, the total income across both properties could exceed £21,000 per annum.
The freehold interests subject to the existing tenancies are available at offers in the region of £165,000. Viewings are strictly through appointment via us as sole selling agent.
The surrounding area comprises a mixture of local businesses and residential and is situated in a highly prominent position with plenty of vehicle traffic passing by on a daily basis. The properties comprise of two ground floor retail units each let at £6,000 per annum exclusive and currently producing a combined income of £12,000 per annum.
Both properties comprise of first floor accommodation which is currently vacant but previously used for ancillary storage. Both upper floors have the potential for residential conversion subject to planning. We are of the opinion once fully converted to deliver a mixed-use investment opportunity, the total income across both properties could exceed £21,000 per annum.
The freehold interests subject to the existing tenancies are available at offers in the region of £165,000. Viewings are strictly through appointment via us as sole selling agent.
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