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Freetown Court, Freetown Way/Russell Street, Hull, East Yorkshire, HU2 8JQ

Offers in Region of
£600,000

£133.48 per sq ft

Business rates & charges may apply

Garness Jones Commercial, Hull
SIZE AVAILABLE

4,495 sq ft

418 sq m

SECTOR

Commercial property for sale

Key features

  • Highly visible attractive investment opportunity within close proximity to Hull City Centre.
  • Benefiting from 30 car parking spaces.
  • Current income £42,000 per annum with a potential income, once fully let of £53,500 per annum.
  • Provides a net initial yield of 6.68% after purchase costs of 4.75%, which reflects a reversionary yield, once fully let of 8.51% after purchase costs of 4.75%.

Description

The property comprises of a traditional brick 2 storey office under a pitched tiled concrete roof which benefits from 30 car parking spaces which equates to 1 space per 150 SqFt. Internally the building has been configured to provide 4 self-contained unit which benefit from Class E use with Suite 2 & 4 operating as a dental practice by Den-Call Limited, with Suite 1 on the ground floor consisting of an open plan office and Suite 3 on the second floor let on informal terms to Esteem which consists of predominantly open plan office with a separate managers office, board room and kitchen facilities.

The property has communal WC facilities on ground and first floor with the upper floors benefiting from a lift to serve the upper floor.

Brochures

Freetown Court, Freetown Way/Russell Street, Hull, East Yorkshire, HU2 8JQ

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hull Station0.4 miles
  • New Holland Station3.3 miles
  • Cottingham Station3.4 miles

About Garness Jones Commercial, Hull

Nelson Street, Hull, HU1 1XE

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 8456FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Garness Jones Commercial, Hull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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