Freehold Business Opportunity in Hull

£475,000 Freehold  

Got a Question?

Property Details

City Business Brokers are pleased to bring to the market this Freehold Business Opportunity in Hull.  The substantial premises were formally an HSBC Bank and have been converted to a high specification and comprise the following:

Ground Floor:            

Retail Unit currently operating as a Bakery (measuring 465 sq t/43 sq m). Rent £650 per month 2021/2022

Retail Unit currently operating as a Beauty Treatment Salon (measuring 1041 sq ft/97 sq m). Rent £1000 per month

Note: A new lease is available for the Beauty Salon.  The Bakery has a couple of years left to run on the existing lease.

First Floor:

3 self-contained 1-bedroom apartments:

Flat 1 – rent £575 per month (measuring 435 sq ft/40 sq m)

Flat 2 – rent £650 per month (measuring 559 sq ft/52 sq m)

Flat 3 – rent £650 per month (measuring 461 sq ft/43 sq m)

Total Rent for Retail Units and Flats = £3,525 per month/£42,300 per annum

The flats are currently let out as short lets.

Second Floor:

Potential to be converted into 2 x 1-bedroom apartments and 1 x Studio apartment or other uses.

The premises are situated in a highly prominent position approximately 3 miles from Hull City Centre, being in a popular retail location with a mixture of national and local retailers with the surrounding area benefiting from commercial to the south and residential to the north.

This Freehold opportunity only comes to the market as our client is relocating, and viewing is highly recommended.

A full profile is available once a non-disclosure agreement has been signed.

All enquiries to City Business Brokers.

All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.

All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.

Note: Library images may have been used for display purposes

Got a Question?

Similar Businesses