TypeRetail Investments · Assured Shorthold Tenancies · Residential Investments

HU5 72 Princes Avenue, Hull

TenureFor sale

72 Princes Avenue, Hull, HU5 1/4

Specification

Building size
Building size 1,526 - 1,578 sqft
Property type
Property type Retail Investments · Assured Shorthold Tenancies · Residential Investments
Tenure
Tenure For sale

Description

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.

Location

Located on an established part of Princes Avenue on a parade of shops that include café & restaurants, retail. Princes Avenue has become a sought after location which has become an established day & evening economy with a number of café bars, restaurants, mixed use retail with highly densely residential population located off The Avenues.

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