Hessle Road, Hull, East Yorkshire, HU3 3DU
Size
1,772
Tenure
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EPC
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Parking
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- Primary use
- Other
No floor / site plan
Key features
- Mixed use investment located on a prominent position on Hessle Road.
- 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. producing £11,880 per annum £495 PCM per flat
- The property is fully let with combined rental 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 producing £11,880 per annum £495 PCM per flat.
- Service charge
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- Business rates
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- Use class
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- Listed building
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Brochure
Hessle Road, Hull, East Yorkshire, HU3 3DU
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Disclaimer - Property reference 1283FH. 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.