Restaurant/cafe for sale in Main Road, Hull HU12
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Property features
- Superb mixed-use investment opportunity.
- Large ground floor cafe situated at the front and micro-pub at the back with rea
- Large 2-bed flat above and finished to a high specification.
- Long-standing tenants with potential to increase rents.
- Current rent passing £19,740pa rising to £28,140pa upon completion.
- Situated in highly sought after village.
- Offers in the region of £375,000
Property description
The property comprises of three units to provide a mixed-use investment opportunity. The ground floor comprises of a large cafe fronting Main Road and currently producing £8,340 per annum. At the rear there is a well presented micro-pub which contains a traditional looking bar with seating and an additional seating area within the extension that is complete with a log burner to provide a warm and cost environment.
The micro pub is currently producing £11,400 per annum and therefore the total income is approximately £19,740 per annum. There is potential to increase the rents upon both units subject to further discussions and negotiations. Both tenants have been longstanding and established businesses serving the Thorngumbald and wider community. The property also includes a rear customer parking area for circa 10 spaces. Upon the first floor, the property comprises of a self contained two bedroom flat that is finished to a high standard throughout.
The flat will be sold with the benefit of a brand new AST agreement at approximately £700 per calendar month to provide a total income across all three units of approximately £28,140 per annum. Additionally, the flat is also available with full vacant possession if required.
The entire property subject to the existing tenancies is available at offers in the region of £375,000. Additionally, the flat can be sold with full vacant possession if required. Viewings are to be made strictly through us as sole selling agent.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Barker Property Consultants, HU15 on +44 1482 535534 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Barker Property Consultants, and do not constitute property particulars. Please contact Barker Property Consultants for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.