Hessle Road, Hull, East Yorkshire, HU3 3DU
£124.15 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,772 sq ft
165 sq m
- SECTOR
Commercial property for sale
Key features
- Boyle Sports held on a 10 year FRI lease via a service charge. Paying £9,000 per annum.
- Upper floors have been recently refurbished to provide 2 self-contained 1 bed flats.
- Located in a prominent position on Hessle Road.
- Once fully let will provide an income of £20,880 per annum, which provides a Net Initial Yield of 9.29% after purchase costs of 2.14%.
Description
The ground floor commercial unit is let to BoyleSports, a privately owned, family-run bookmaker with expansion aspirations to operate over 200 betting shops across the UK. For the financial year ending December 2023, the company reported a turnover of £7,968,000 and an operating profit of £1,045,000.
The lease is held on a 10-year FRI lease (via service charge) commencing 29th April 2024, with tenant break options on the 3rd and 6th anniversaries and a rent review on the 5th anniversary.
The upper floors have recently been refurbished to provide two self-contained one-bedroom flats, each finished to a high standard and independently accessed and will provide an income once fully let of £11,880 per annum £495 PCM per flat.
Brochures
Hessle Road, Hull, East Yorkshire, HU3 3DU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hull Station1.0 miles
- New Holland Station2.3 miles
- Barrow Haven Station2.8 miles
Notes
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