Office for sale

Strapline

Auction Sale - 01/11/2023

Vacant Office Opportunity

2,522 sq ft Basement Office With Conversion Potential (Subject to Obtaining the Requisite Consents)

Description

The property comprises a vacant, lower ground floor, office space of 2,522 sq ft (235 sq m).

Set within a Grade II listed building, the property currently provides a mix of open plan and private office space, with several storage areas. The property could be suited to alternative uses, such as residential, subject to obtaining the necessary consents.

The property may also be suitable for conversion to a business centre, creating a secure, multi-let investment (erv £30,000 per annum).

Situated on George Street, the property occupies a prominent location in the heart of Hull City Centre, with the principal retail amenities and the rail station within 5 minutes walking distance.

Hull has benefitted from increased investment following its designation as the UK Capital of Culture in 2017. In particular the city has enjoyed large amounts of investment in the green energy sector, including offshore wind, solar and battery storage, this has in turn led to an increase in housing values and office take-up.

Location

Hull is a major regional centre as well as a popular University City. It lies on the Humber Estuary about 60 miles east of Leeds and can be accessed via the A63 and A165. The city is served by Hull Railway Station as well as nearby Humberside Airport.

Transport

On Foot