Mixed Use for sale

Witham, Hull, East Riding Of Yorkshire, HU9

Offers Over £55,000

Property Description

Key features

  • Mixed Use Investment Opportunity
  • Sought After Location
  • Freehold

Full description

PORTFOLIO are happy to bring to the market this Three Storey Mixed Use Investment Opportunity in the sought after location of Hull. The property is conveniently located on the north side of Witham in the city of Kingston upon Hull. Voted as the city of culture for 2017, Hull offers an abundance of amenities and leisure facilities with many national and international retailers and businesses trading on the doorstep with heavy passing footfall. The area is set for continued regeneration and expansion following the city of culture title. Hull benefits from excellent road access with the M63 and A63 in close proximity. Hull Paragon Interchange offers frequent direct rail services to London Kings Cross, Manchester and Leeds.

Three Storey Mixed Use Investment Opportunity - Sought After Central Location
Potential For Prominent Advertising Hoarding (STP)

Three Storey Mixed Use Investment
Vacant possession
Requires a programme of renovation
Sought after central location
Former taxi office to the ground floor
Potential apartment to the upper floors
Potential to add good capital value
Potential for a prominent advertising hoarding to the eastern elevation (STP)
Excellent transport links

The property is entered via a roller shutter door to the front elevation onto Witham. To the ground floor there is a retail area of approximately 33 sq m along with a kitchen area and staff toilets. (STP) The upstairs to the building could be converted to an apartment with the addition of a kitchen & bathroom and benefits from a bay window to the front elevation and is accessed through the ground floor retail unit.

Tenure - The property is freehold

Council Tax & Business Rates - The upper flat in not registered for council tax. The retail unit attracts a rate-able value of £3,000 pa

Investment Analysis
Following a program of works the upper floors could be rented for £350 pcm (£4,200 p.a). Once tenanted the ground floor retail could generate in the region of £400 pcm (£4,800 pa). In addition, due to the location of the property and its close proximity to the city centre the exposed east side of the property could be used for advertising.

OFFERS OVER £55,000.

Telephone PORTFOLIO today to arrange a viewing.


Nearest stations

  • Hull (0.8 mi)
  • New Holland (3.5 mi)
  • Cottingham (3.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Portfolio, Manchester

65 Bridge Street, Manchester M3 3BQ

0161 468 0309 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Hull (0.8 mi)
  • New Holland (3.5 mi)
  • Cottingham (3.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Portfolio, Manchester

65 Bridge Street, Manchester M3 3BQ

0161 468 0309 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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