Maritime House, Kingston Street, HU1

Guide price - £400,000 - £450,00 - We are pleased to offer Maritime House, a vacant freehold commercial property boasting an internal footprint of circa 833 sqm on 0.4 acres of land. The prominent two-storey detached office building is conveniently located in close proximity to Hull's old town, Humber Street, Hull Marina and Kingston Retail Park. 

Benefitting from Class E use, so is suitable for retail, financial services, office, medical, gym, and restaurant use.

Opportunity
On 1st September 2023, Hull City Council approved planning for the "Conversion of and extensions to the existing building to form 20 apartments and a ground floor management office", of which 15 car parking spaces were also permitted under the approval. Internal footprint would increase 1,710 sqm. Below is a schedule of the building's proposed layout as per planning:

1 x Management office (84 sqm)
4 x One-bed apartments (between 54 sqm and 70 sqm)
12 x Two-bed apartments (between 71 sqm and 95 sqm - includes one duplex)
4 x Three-bed apartments (between 88 sqm and 109 sqm)



Estimated Market Rents
One-bed apt. - £750 pcm
Two-bed apt. - £800 pcm
Two-bed duplex apt. - £825 pcm
Three-bed apt. - £900 pcm
Parking spaces - £25 pcm

Total - £16,600 pcm

Compliance
Non-domestic EPC rating: F (131)
Rateable value: £23,750 effective 1st April 2023
VAT: Property not elected for VAT

Parking - Driveway

Disclaimer

Anti-Money Laundering - We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal, who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60(incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.