Property photos
Auction
Leasehold
Guide price
£149,000
Studio for sale
27 And 27A Princes Avenue, Hull, North Humberside HU5Local area information
Property location
Nearby amenities
- Froebel House School 0.2 miles
- Thoresby Primary School 0.2 miles
- Hull 0.8 miles
- Cottingham 2.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
- Attractive turnkey investment opportunity
- Mixed use residential and commercial property
- Prime City Centre location
For sale by online auction Thursday 11th April 2024 at 9.00AM. Mixed use commercial and residential investment. Turnkey tenanted commercial unit with long leasehold (999 years). Current rental income of £8,400 per annum - ideal investment with immediate income stream. Comes with vacant two bedroom flat occupying the 3 upper floors of the building.
Online Property Auctions are delighted to present this long leasehold commercial investment on busy retailing street. This commercial unit is currently tenanted on a 5 year lease (starting from May 2022) at £8,400 per annum - currently trading as Asan's Barbers.
The property also comes with a vacant freehold two bedroom flat set over first, second and third floors, with a balcony to the rear. Estimated end-market rent is in the region of £700pcm, giving the portfolio a potential income of £16,800. Fantastic yield of 11.3% at Guide Price. Ideal Buy-to-Let investment, or first time flat.
The property is located on a busy retailing street, near Hull city centre. There are many shops, takeaways and other amenities in the area, with residential flats above. Close vicinity to the University of Hull.
To view legal documents relating to this property please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/ Special Conditions in the Legal pack to confirm.
All prices quoted are exclusive of VAT.
Online Property Auctions are delighted to present this long leasehold commercial investment on busy retailing street. This commercial unit is currently tenanted on a 5 year lease (starting from May 2022) at £8,400 per annum - currently trading as Asan's Barbers.
The property also comes with a vacant freehold two bedroom flat set over first, second and third floors, with a balcony to the rear. Estimated end-market rent is in the region of £700pcm, giving the portfolio a potential income of £16,800. Fantastic yield of 11.3% at Guide Price. Ideal Buy-to-Let investment, or first time flat.
The property is located on a busy retailing street, near Hull city centre. There are many shops, takeaways and other amenities in the area, with residential flats above. Close vicinity to the University of Hull.
To view legal documents relating to this property please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/ Special Conditions in the Legal pack to confirm.
All prices quoted are exclusive of VAT.
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
Listed by
Online Property Auctions Scotland Ltd
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Online Property Auctions Scotland Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Online Property Auctions Scotland Ltd for full details and further information.