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Retail premises for sale

£175,000 (£78.16/sq. ft) Offers in region of

Queen Street, Withernsea HU19

Retail premises for sale 2,239 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

  • Mixed-use investment opportunity.
  • Ground floor retail with large self- contained 3-bed flat above.
  • Flat to be sold with benefit of vacant possession.
  • Estimated income once fully let £16,750 - £18,000pa.

Property description

The property is located in the popular seaside town of Withernsea situated approximately 18 miles east of Hull. The property is situated along Queen Street in close proximity to the Aldi supermarket within the centre of Withernsea and is within walking distance of all local amenities including Withernsea Central Promenade beach front.

The property comprises of a ground floor retail unit currently used by a local charity shop and is let on a five year term from and including 1st April 2020 at a rent of £9,000 per annum exclusive. The first floor comprises of a large 3-bed self contained flat which has previously been rented at approximately £500 per calendar month with potential to see an increase in this monthly figure once let. The upper flat is currently vacant having recently been used as a second home by the vendor and will be sold with the benefit of vacant possession. The total income once fully let is estimated to be £16,750 - £18,000 per annum.

The freehold interest is available subject to the existing tenancy with offers in the region of £175,000.
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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Disclaimer

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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