Land for sale

72 Princes Avenue, Hull, East Riding Of Yorkshire, HU5 3QJ

01482 763682

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Land

0 bed

0 bath

1,578 sq ft / 147 sq m

Property description & features

Long standing tenants on ground & first floor.
Business not affected.
Ground floor butchers producing £9,000 per annum, which is held on a 5 year lease from 10th November 2022.
First & Second floor comprises of a spacious 3 bedroom flat producing £5,400 per annum.
Total Income of £14,400 per annum will reflect a Net Initial Yield of 8.45% after purchases costs at 1.71%.

The property consists of a mid-terrace three storey mixed use property with the ground floor operating as an established butchers for many years with front sales, rear ancillary storage and garage with parking. The first & second floors consist of a spacious three bedroom flat, with the first floor floor includes a double bedroom, bathroom with separate WC, kitchen and living facilities with two further bedrooms on the second floor. The ground floor is held on a 5 year lease paying £9,000 per annum from the 10th November 2022. The upper floor has been held on Assured Shorthold Tenancy agreement for a long established tenant whereby they are paying £450 per calendar month (£5,400 per annum) with a total income of £14,400 per annum.

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Places of interest

Garness Jones - Hull

Riverside House, 11-12 Nelson Street Hull HU1 1XE

01482 763682

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Broadband availability and predicted speed

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