£105,000
(£150.00/sq. ft)
Restaurant for saleBuckingham Street, Kingston Upon Hull HU8
700 sq. ft
About this property
Investment Consideration:
Gross Initial Yield: 11.43%.
Rental Income: £12,000 p.a.
VAT is not applicable to this property
Comprises ground floor takeaway shop with ancillary accommodation above
Most of the equipment belongs to landlord. Benefits from gas boiler heating and EPC rating B
Situated in predominantly residential area with occupiers nearby including Nisa Local and Barber shop
Property Description:
Comprises mid-terrace ground floor takeaway with ancillary accommodation at first floor. The property benefits from rear yard and provided the following accommodation and dimensions:
Ground Floor: Counter, kitchen, storage, wc and shower
First Floor: 2 rooms
Total area size: 65 sq m (700 sq ft)
Tenancy:
The property is at present let to an Individual for a term of 5 years from 11th July 2025 at a current rent of £12,000 p.a. And the lease contains full repairing and insuring covenants. Rent review on 11.07.28 open market upward only. Tenant option to determine on 11.07.28 with min 3 months notice. Deposit held of £1,700. Tenant pays reduced rent of £10,404 p.a. For the first year. The vendor will top up rent until 11.07.26 so the buyer receives the equivalent to £12,000 p.a. From completion.
Location:
The property is situated in predominantly residential area within 1.5 miles from Hull City Centre, with occupiers nearby including Nisa Local and Barber Shop.
Gross Initial Yield: 11.43%.
Rental Income: £12,000 p.a.
VAT is not applicable to this property
Comprises ground floor takeaway shop with ancillary accommodation above
Most of the equipment belongs to landlord. Benefits from gas boiler heating and EPC rating B
Situated in predominantly residential area with occupiers nearby including Nisa Local and Barber shop
Property Description:
Comprises mid-terrace ground floor takeaway with ancillary accommodation at first floor. The property benefits from rear yard and provided the following accommodation and dimensions:
Ground Floor: Counter, kitchen, storage, wc and shower
First Floor: 2 rooms
Total area size: 65 sq m (700 sq ft)
Tenancy:
The property is at present let to an Individual for a term of 5 years from 11th July 2025 at a current rent of £12,000 p.a. And the lease contains full repairing and insuring covenants. Rent review on 11.07.28 open market upward only. Tenant option to determine on 11.07.28 with min 3 months notice. Deposit held of £1,700. Tenant pays reduced rent of £10,404 p.a. For the first year. The vendor will top up rent until 11.07.26 so the buyer receives the equivalent to £12,000 p.a. From completion.
Location:
The property is situated in predominantly residential area within 1.5 miles from Hull City Centre, with occupiers nearby including Nisa Local and Barber Shop.
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