Overview

  • Commercial, HMO
  • Property Type

Description

It’s a retail unit on the ground floor comprising of A1 retail space, a private kitchen, storage room & wc, ideally located close to all the main shops & car park. It has electric shutters for security.
The property has undergone a £100,000 refurb and is practically a completely new building, windows have been boarded up with UPVC and between exchange and completion of the property purchase, all new double glazing throughout will be put in for the new owner, which has already been paid for.
The rental value is around £7500-£8000 per annum. There is the potential to add value with parking round the back by knocking the rear fence down as there is vehicular access. Each room is estimated to bring in around £85-£90 per week (potential for a lot more if you included furnishings & other amenities). As it is currently just a 3 bed flat its rentable value is around £6,000 per annum – making it worth applying for an HMO license for extra income.
With separate access to the rear, there is the entrance to the 3 bed flat. It is laid out as a 3 bed HMO (not currently licenced), which comprises of 3 good sized double bedrooms, a kitchen/diner & 2 shower rooms. There is also a balcony out the back as well.
Agent reports from last year state the value is around £225,000, but the vendor is open to negotiation around 20% bmv for a swift sale.
A tenant is moving into the flat above the commercial unit on 20th September paying £5700pa
  • City Hull

Details

Updated on September 13, 2021 at 1:23 pm
  • Price: £180,000
  • Property Type: Commercial, HMO
  • Property Status: For Sale

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What's Nearby?

Arts & Entertainment
Hull FC Rugby League Club (0.78 mi)
Average 2 reviews
Kathmandu (1.21 mi)
Good 13 reviews
St. Stephens Shopping Centre (1.21 mi)
Good 18 reviews
Education
Hull College (1.04 mi)
Good 1 reviews
Cherub Nurseries & Pre Schools (1.33 mi)
Exceptional 1 reviews
Artlink Exchange (1.48 mi)
Good 1 reviews
Health & Medical
Dr a H Tak & Dr E G Stryjakiewicz (0.63 mi)
Poor 1 reviews
Newington Pharmacy (0.71 mi)
Average 2 reviews
Hull Royal Infirmary (0.82 mi)
Average 5 reviews
Transportation
Belmont Taxis (0.13 mi)
Poor 1 reviews
Carlton Fisheries (0.83 mi)
Poor 1 reviews
82 Taxis (0.92 mi)
Good 5 reviews

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