178 Hull Road, Hessle HU13 9NH
Asking Price
£145,000
Current rent
£1,025
Managed By Ultralets
Tenanted
Works Recommended
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178 Hull Road, Hessle HU13 9NH
Mixed-Use Commercial Investment - Fully Tenanted
Property Brief
Fully tenanted mixed-use investment opportunity in Hessle, comprising a ground-floor commercial unit, currently leased by an accountancy firm, and a two-bed duplex apartment making up the first and second floors. There is also a good-sized garden to the rear.
The vendor has leased the commercial unit to their own accountancy firm and plans on vacating once the lease expires.
Condition Report
The property appears to be structurally sound with no obvious, visible defects. The apartment is in good condition with no works required; however, the commercial unit would benefit from a cosmetic refurb due to dated decor currently.
Rental Information
Current rent:
Commercial unit - £500 pcm
Residential unit - £525 pcm
Total - £1,025 pcm (£12,300 annually).
Ultralets manage the tenancy of the apartment. The commercial unit is self-managed.
Compliance
The residential unit has a valid EICR and gas certificate - available upon request.
Commercial unit:
EPC rating: D
63 sqm
Residential unit:
EPC rating: D (potential C)
Council Tax Band: A
68 sqm
Figures
Estimated upfront costs below:
Deposit = £36,250
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Total = £37,945
Current yield is 8.5%.
Buyer Disclaimer - https://bit.ly/3CzncNu
To speak to our in-house Mortgage Advisor, call the office on 01482 562562 and ask to speak to Jack Newton.
Key Features
Managed By Ultralets
Tenanted
Works Recommended
Commercial
2 Bedrooms
1 Bathroom
Gas Central Heating
Double Glazing
Freehold
Location and area
Energy Performance Certificate
See below the energy charts for this property
Floor Plan
