TypeRetail Investments · Residential Investments
TenureFor sale
The property is a mid-terraced mixed use building with a ground floor retail unit and a two storey flat above. The ground floor unit is currently trading as a convenience store consisting of shop floor, side store, back staff/kitchen room and a large ancillary store to the rear. The residential area consists of a 2 bedroom flat spanning two floors accessed via a rear staircase. There are two bedrooms on the top floor and living room, kitchen and bathroom on the first floor.
The property is situated on Beverley Road that forms the A1079 which leads all the way from Kingswood/Beverley bypass to the City Centre. The property is located about ¾ of the way down the southern end of Beverley Road - approximately half a mile from the Ferensway/Spring Bank junction. The property is neighboured by an international supermarket, convenience stores, takeaways and other independent retailers. The opposite side of the road is home to more established companies such as KFC, Asda and Harris & Co
Mixed use Investment comprising of ground floor convenience store and first & second two bed flat.
Providing a combined income of £14,280 pa
Located on one of the busiest traffic and footfall routes in Hull.
Producing a net initial yield of 9.38% after purchasers costs of 1.50%, with a gross yield of 9.52%.