Property photos
Offers in region of
£165,000
(£114.55/sq. ft)
Retail premises for sale
Hessle Road, Hull HU31,615 sq. ft
Local area information
Property location
Nearby amenities
- Chiltern Primary School 0.3 miles
- The Sullivan Centre 0.3 miles
- Hull 1.2 miles
- New Holland 2.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Significant mixed-use redevelopment investment opportunity.
- Ground floor retail with two self- contained 1-bed flats.
- Potential to add additional flat at rear to deliver four separate units STP.
- Estimated income once fully redeveloped £23,500pa.
The property is located along Hessle Road approximately 2.5 miles west of Hull city centre. The surrounding area comprises of various local and well renowned retailers and residential accommodation close by. The property is situated near the corner of Ribble Street and Hessle Road and is directly opposite the St Andrews Retail Park.
The property comprises of a ground floor retail unit formerly used as a local appliance store and two self-contained one bedroom flats upon the first and second floors. The ground floor provides a retail floor area fronting Hessle Road with a large rear ancillary storage area that could be transformed into a further one or two bed flat subject to planning. The upper flats are accessible from the rear via a staircase separating the front retail space from the current rear storage area.
The first floor 1-bed flat has recently undergone a programme of refurbishment and could quickly be rented to provide some income whilst the ingoing purchaser redevelops the second floor flat and potentially add a further flat at the rear ground floor. Assuming the ingoing purchaser seeks to add a fourth unit to maximise the income potential, we envisage the total estimated rent to be in the region of £23,500 per annum once fully developed and let.
The freehold interest is available with full vacant possession with offers in the region of £165,000. Viewings strictly by appointment through us as sole selling agents.
The property comprises of a ground floor retail unit formerly used as a local appliance store and two self-contained one bedroom flats upon the first and second floors. The ground floor provides a retail floor area fronting Hessle Road with a large rear ancillary storage area that could be transformed into a further one or two bed flat subject to planning. The upper flats are accessible from the rear via a staircase separating the front retail space from the current rear storage area.
The first floor 1-bed flat has recently undergone a programme of refurbishment and could quickly be rented to provide some income whilst the ingoing purchaser redevelops the second floor flat and potentially add a further flat at the rear ground floor. Assuming the ingoing purchaser seeks to add a fourth unit to maximise the income potential, we envisage the total estimated rent to be in the region of £23,500 per annum once fully developed and let.
The freehold interest is available with full vacant possession with offers in the region of £165,000. Viewings strictly by appointment through us as sole selling agents.
More information
Listed by
Barker Property Consultants
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