£1,300,000

Retail premises for sale

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  2. Property photo 2 of 2.
  3. Property photo 1 of 2.
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£1,300,000

(£1,300,000.00/sq. ft)

Retail premises for sale

Norwich House, Savile Street, Hull HU1

29,472 sq. ft

Local area information

Property location

Nearby amenities

  • Hull Trinity House Academy 0.2 miles
  • Hull 0.3 miles
  • St Charles Voluntary Catholic Academy 0.4 miles
  • Hull Ferry Terminal 2.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

Situation

The property is situated in a prominent position in Hull City Centre approximately 400m east of Hull Railway Station. The property benefits from being just a short walk from Princes Quay Shopping Centre and the Prospect Shopping Centre with other neighbouring occupiers including the BBC, McDonalds and Tescos.
Property/accommodation

The property comprises a substantial 5 storey brick-built building extending to approx. 2,738 sq m (29,472 sq ft) and comprising 3 ground floor retail units and offices across 4 upper levels. The offices benefit from excellent natural light, central heating, perimeter trunking and 2 x 10 person passenger lifts.

A Tenancy Schedule is attached on page 3.
Guide price

£1.3m. Based upon the current rent received of £154,750 pa, this shows a investor purchaser an initial yield of approx. 13.8%.
VAT

VAT is chargeable on the sale price.
Viewing

By contacting the joint auctioneers:-

More information

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  1. Zoopla
  2. Commercial for sale
  3. East Riding of Yorkshire
  4. Hull
  5. Savile Street

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