Guide price
£350,000
Industrial for saleTivoli House Paragon Street, Hull, North Humberside HU1
Just added
Auction
About this property
For sale by online auction on Tuesday, 08 Sep 2026 ending at 11:06
Prominent Hull city centre commercial investment comprising four units, currently producing £21,168 per annum with two vacant units offering potential to increase the total income to approximately £45,168 per annum when fully let.
An excellent opportunity to acquire a substantial mixed commercial investment occupying a prominent city centre position on busy high Street. The property comprises the leasehold title to the ground floor of Tivoli House, which is divided into four self-contained commercial units, offering an attractive combination of established rental income together with further asset management and income growth potential.
The current rental income is generated from two occupied units, with Unit 1 let at £15,000 per annum and Unit 4 producing £514 per calendar month (approximately £6,168 per annum), providing a combined passing rent of £21,168 per annum.
Units 2 and 3 are currently vacant and are being marketed at £14,000 per annum and £10,000 per annum respectively. If both units are let at the current asking rents, the property has the potential to generate a total gross annual rental income of approximately £45,168 per annum.
The two vacant units provide contrasting and versatile commercial accommodation. One comprises a substantial open-plan retail unit with extensive glazed frontage onto South Street, together with ancillary storage areas, W.C. Facilities and rear access, extending to approximately 220 sq m. (16-20 South Street).
The second vacant unit extends to approximately 65 sq m and provides a more compact commercial space with prominent frontage, ancillary accommodation, W.C. Facilities and emergency exit. The existing fit-out reflects its previous food/retail use and includes serving counters and preparation areas, offering an incoming occupier the opportunity to adapt the accommodation to suit their requirements. (71 Paragon Street)
Both vacant units offer scope for a range of retail, commercial, café or food-related uses, subject to any necessary consents.
Occupying a highly visible position within Hull city centre, the property benefits from extensive frontage onto Paragon Street and is surrounded by a mix of established retailers, restaurants a
Portrait Video Tour
False
Additional Fees
Administration Charge - £3,600 inc vat payable upon the fall of the virtual gavel
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Prominent Hull city centre commercial investment comprising four units, currently producing £21,168 per annum with two vacant units offering potential to increase the total income to approximately £45,168 per annum when fully let.
An excellent opportunity to acquire a substantial mixed commercial investment occupying a prominent city centre position on busy high Street. The property comprises the leasehold title to the ground floor of Tivoli House, which is divided into four self-contained commercial units, offering an attractive combination of established rental income together with further asset management and income growth potential.
The current rental income is generated from two occupied units, with Unit 1 let at £15,000 per annum and Unit 4 producing £514 per calendar month (approximately £6,168 per annum), providing a combined passing rent of £21,168 per annum.
Units 2 and 3 are currently vacant and are being marketed at £14,000 per annum and £10,000 per annum respectively. If both units are let at the current asking rents, the property has the potential to generate a total gross annual rental income of approximately £45,168 per annum.
The two vacant units provide contrasting and versatile commercial accommodation. One comprises a substantial open-plan retail unit with extensive glazed frontage onto South Street, together with ancillary storage areas, W.C. Facilities and rear access, extending to approximately 220 sq m. (16-20 South Street).
The second vacant unit extends to approximately 65 sq m and provides a more compact commercial space with prominent frontage, ancillary accommodation, W.C. Facilities and emergency exit. The existing fit-out reflects its previous food/retail use and includes serving counters and preparation areas, offering an incoming occupier the opportunity to adapt the accommodation to suit their requirements. (71 Paragon Street)
Both vacant units offer scope for a range of retail, commercial, café or food-related uses, subject to any necessary consents.
Occupying a highly visible position within Hull city centre, the property benefits from extensive frontage onto Paragon Street and is surrounded by a mix of established retailers, restaurants a
Portrait Video Tour
False
Additional Fees
Administration Charge - £3,600 inc vat payable upon the fall of the virtual gavel
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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