81 - 86 Prospect Street, Hull, HU2 8PE
Size
7,740
Tenure
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EPC
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Parking
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- Primary use
- Other
- Other use(s)
- Shop
No floor / site plan
Key features
- Retail city centre investment and development opportunity.
- Currently producing £40,000 per annum, with a potential income when fully let of £55,000 per annum.
- Provides a Net Initial Yield of 7.29% after purchase costs of 4.5%, with a Reversionary Yield once fully let of 10.03% after purchase costs of 4.5%.
- Potential to redevelop part upper floor into residential.
- 81 Prospect Street former Belvoir Estate Agents will be vacant at an asking rent of £15,000 per annum.
- Benefiting from secure car park to the rear.
Description
81 Prospect Street was occupied by Belvoir Estate Agents on the ground floor which is fitted out as an office on the ground floor and separate entrance leading to the upper floor which would be suitable for redevelopment subject to the appropriate planning consent being obtained, or alternatively as a separate office.
To the rear of the property is a secured car park that serves the commercial buildings.
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
81 - 86 Prospect Street, Hull, HU2 8PE
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Disclaimer - Property reference 7920FH. 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.