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Retail premises for sale

£185,000 (£114.55/sq. ft) Offers in region of

Hessle Road, Hull HU3

Retail premises for sale 1,615 sq. ft*
Interested in this property? Call +44 1482 535534 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Significant mixed-use redevelopment investment opportunity.
  • Ground floor retail with two self- contained 1-bed flats.
  • Potential to add additional flat at rear to deliver four separate units STP.
  • Estimated income once fully redeveloped £23,500pa.

Property description

The property is located along Hessle Road approximately 2.5 miles west of Hull city centre. The surrounding area comprises of various local and well renowned retailers and residential accommodation close by. The property is situated near the corner of Ribble Street and Hessle Road and is directly opposite the St Andrews Retail Park.

The property comprises of a ground floor retail unit formerly used as a local appliance store and two self-contained one bedroom flats upon the first and second floors. The ground floor provides a retail floor area fronting Hessle Road with a large rear ancillary storage area that could be transformed into a further one or two bed flat subject to planning. The upper flats are accessible from the rear via a staircase separating the front retail space from the current rear storage area.

The first floor 1-bed flat has recently undergone a programme of refurbishment and could quickly be rented to provide some income whilst the ingoing purchaser redevelops the second floor flat and potentially add a further flat at the rear ground floor. Assuming the ingoing purchaser seeks to add a fourth unit to maximise the income potential, we envisage the total estimated rent to be in the region of £23,500 per annum once fully developed and let.

The freehold interest is available with full vacant possession with offers in the region of £185,000. Viewings strictly by appointment through us as sole selling agents.

Property info

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

Arrange Viewing

For more information about this property, please contact
Barker Property Consultants, HU15 on +44 1482 535534 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Barker Property Consultants, and do not constitute property particulars. Please contact Barker Property Consultants for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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