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£650,0002 bedroom property for sale
1-2 Bishop Lane And 153 High Street, Hull, HU1 1PA
Property
2 beds
5962
Key information
Features and description
- Attractive investment opportunity in the old town of Hull City Centre.
- Consisting of first floor popular vegetarian restaurant. 3 x 2 bed apartments and 4 x 1 bed apartments.
- Fully occupied producing £54,600 per annum.
- Provides a Net Initial Yield of 8.01% after purchase costs of 4.88%, with a Gross Yield of 8.4%.
The property comprises of a fully income producing mixed use investment, consisting of a restaurant together with 7 self-contained residential flats arranged from 3 x 2 bed apartments and 4 x 1 bedroom apartment and the first floor popular Hitchcocks vegetarian restaurant located on the first floor. The property extends to approximately 5,961 SqFt and currently generates a Gross Rental Income of £54,600 per annum. There is potential for reconfiguration and development of the first floor restaurant if this ever became vacant to provide a fully residential development and investment opportunity.
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About this agent
We can guide you on every aspect of buying, selling, leasing and managing commercial property. From carrying out valuations, surveys and lease renewals, to giving you advice on investment and development opportunities. We’re well-connected in the local and surrounding areas. So we can take a broad view of the property market and give you the best advice on the sale and lease of commercial sites. Above all, we put you first. It’s our job to get the result you want, and we achieve this through hard work, years of experience and a well-rounded knowledge of the market. We are part of the Garness Group of property companies.
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