Property for sale in Witham, Hull HU9
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Property features
- Three Storey Mixed Use Investment
- Vacant Possession
- Sold As Seen
- Renovation Project
- Excellent Transport Links
- Close To City Centre
- Former Taxi Office to Ground Floor
- Potential Apartment to the Upper Floors
- Potential to Add Good Capital Value
Property description
For sale by auction starting on 15th April 2024, bidding will be on the Properties Under The Hammer website.
Three Storey Mixed Use Investment Opportunity In A Sought After Central Location With Potential For Prominent Advertising Hoarding (STP)
Property Description
The property is conveniently located on the north side of Witham in the city of Kingston upon Hull. Voted as the city of culture for 2017, Hull offers an abundance of amenities and leisure facilities with many national and international retailers and businesses trading on the doorstep with heavy passing footfall. The area is set for continued regeneration and expansion following the city of culture title. Hull benefits from excellent road access with the M63 and A63 in close proximity. Hull Paragon Interchange offers frequent direct rail services to London Kings Cross, Manchester and Leeds.
The property is entered via a roller shutter door to the front elevation onto Witham. To the ground floor there is a retail area of approximately 33 sq m along with a kitchen area and staff toilets. (STP) The upstairs to the building could be converted to an apartment with the addition of a kitchen & bathroom and benefits from a bay window to the front elevation and is accessed through the ground floor retail unit.
Tenure - The property is freehold
Council Tax & Business Rates - The upper flat in not registered for council tax. The retail unit attracts a rateable value of £3,000 pa
Investment Analysis
Following a program of works the upper floors could be rented for £350 pcm (£4,200 p.a). Once tenanted the ground floor retail could generate in the region of £400 pcm (£4,800 pa). In addition, due to the location of the property and its close proximity to the city centre the exposed east side of the property could be used as an advertising board.
Legal Pack
The Legal Pack for this property is available on our website.
Property info
For more information about this property, please contact
Properties Under The Hammer, OL9 on +44 161 506 8668 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Properties Under The Hammer, and do not constitute property particulars. Please contact Properties Under The Hammer 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.