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294-294 Southcoates Ln

1,302 SF 100% Leased Retail Building Hull HU9 3AP $132,609 ($102/SF) 7.52% Cap Rate

Investment Highlights

  • The property is on the south side Southcoates Lane and forms part of a parade of neighbourhood retail units
  • This is about 2.5 miles north east from Hull city centre in an established residential area
  • Situated near a large pharmacy close to the busy junction with Preston Road

Executive Summary

The property is arranged as a terraced retail unit with hot food takeaway planning consent and self-contained living accommodation. The property includes a modern shop front and sales area with fryer, preparation/storage rooms and WC. The two-bedroom self-contained flat on the first floor has gas central heating and uPVC double glazing. This flat is independently accessed from a securely fenced rear yard.

Property Facts Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,302 SF
Building Class
B
Year Built
1930
Price
$132,609
Price Per SF
$102
Cap Rate
7.52%
NOI
$9,977
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Frontage
15 FT on Southcoates Lane

Amenities

  • Automatic Blinds
  • Storage Space

Nearby Major Retailers

Morrisons
Tesco
Fultons Foods
Heron Foods
ASDA
Lidl
Lloyds Bank Plc
National Westminster Bank Plc
Iceland
Starbucks
  • Listing ID: 33281780

  • Date on Market: 9/24/2024

  • Last Updated:

  • Address: 294-294 Southcoates Ln, Hull HU9 3AP

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