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94 Alfred Gelder Street, Kingston Upon Hull, Yorkshire

£3,250,000

£239.34 per sq ft

Business rates & charges may apply

Innes England Ltd, Nottingham
SIZE AVAILABLE

13,579 sq ft

1,262 sq m

SECTOR

Commercial property for sale

Key features

  • Passing rent of £144,000 per annum exclusive
  • Seeking offers in the region of £3,250,000 (Three Million Two hundred & fifty thousand pounds) subject to contract and exclusive of VAT.
  • A purchase at this level reflects an attractive Gross Initial Yield of 6.75% on the ERV of the residential element, and a low capital value of £92,000 per bed space.

Description

Humberlofts comprises a mid-terrace building of brick construction under a slate pitched roof, built over seven floors inclusive of the basement car park, which provides secure parking for 12 cars. The regular rectangular shaped floor plates are served from a central lift and staircase core. The property was converted from office to residential use in 2021 whereby the first to fifth floors comprise of 20 residential apartments whilst the ground floor was split into two newly formed self-contained retail units benefiting from street access.

The apartments have been appointed and finished to a very high specification and offer the high-quality finish expected for high end city centre living. The apartments are accessed via keyless smart phone door entry and are appointed with hardwood flooring and electric radiators throughout, the bedrooms comprise of double beds with high quality Yorkshire made mattresses, bedside tables and USB charging points; the lounge provides two comfy lounge chairs or sofa, coffee table with chairs and wall mounted HD Smart TV; the kitchen is appointed with a twin ceramic hob & oven, integrated microwave, fridge-freezer, washer-dryer and designer cooking and tableware whilst the Italian tiled bathroom and or ensuites provide a rainfall shower or bath with wash basin and WC. The penthouses benefit from the addition of a balcony providing an incredibly view of the city.

Brochures

94 Alfred Gelder Street, Kingston Upon Hull, Yorkshire

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hull Station0.5 miles
  • New Holland Station3.1 miles
  • Cottingham Station3.9 miles

About Innes England Ltd, Nottingham

2 The Triangle, Enterprise Way, NG2 Business Park, Nottingham, NG2 1AE

Nottingham Office

Innes England works with clients across the UK, with a special focus on the East Midlands. As the most active agent in the East Midlands for ten consecutive years*, this means we put more of our energy into driving results for our clients than any other agent in the region.

We are the only commercial property consultancy to have offices in Derby, Leicester and Nottingham, giving us an unrivalled local knowledge which allows us to offer relevant, tailored and well-informed advice to our clients.

Our extensive team provides expertise spanning the entire commercial property spectrum with surveyors, retail specialists and property asset management professionals backed up by a highly capable support team. Our shareholding directors take a hands-on approach, working in the business on a day-to-day basis and offering their experience and know-how to clients' projects.

We have a proven track record of delivering real results, and have worked with an enviable client list on countless successful projects, always with a focus on finding a commercial, viable solution, reducing risk and maximising value.

Innes England offers services in:

Acquisitions, disposals and lettings

Land sales and commercial development

Property asset management

Investment services

Business rates, lease consultancy and valuation

Building consultancy

Energy consultancy and Energy Performance Certificates (EPCs)

Derby Office

https://www.rightmove.co.uk/estate-agents/agent/Innes-England-Ltd/Derby-88900.html

Leicester Office

https://www.rightmove.co.uk/estate-agents/agent/Innes-England-Ltd/Leicester-88897.html

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 8749FH. 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 Innes England Ltd, Nottingham. 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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