Commercial property for sale in 159-161, Kingston Road, Willerby, Hull HU10, £500,000

500,000.00

Offer Nr.:
65256934
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Garness Jones
Phone(s):
01482 763794

* Attractive investment opportunity located in an affluent West Hull village.
* Situated on an established parade of mix uses, including retail, office, café/restaurants and takeaways.
* 161 Kingston Road is vacant, previously achieving £14, 500 as an estate agents.
* Current passing rent of £27, 875 per annum with a potential income of £42, 375 per annum.
* The investment would reflect a reversionary yield of 8. 12% after purchase costs.
159 Kingston Road is currently trading as That's Amore Italian restaurant. The
property consists of a ground dining area with circa 40 - 50 covers, with the
benefit of outside south facing seating. The rear includes WC facilities and
kitchen. 159a Kingston Road consists of an open plan office with rear
individual office and fully fitted bathroom, this has been let to a Thai
Massage operator.
161 Kingston Road was formally utilised as Osprey Estate Agency and has been
fitted to a good specification with open plan area and private managers office
to the rear and kitchen and WC facilities. Externally to the rear has the
benefit of a garage. 161a Kingston Road is being operated as an accountant
with an open plan office with kitchen and WC facilities.
Each commercial ground floor unit has the benefit of electric roller shutters
with the use class of whole building being class E which enable the building
to be utilised for retail, office, financial services, hair & beauty, medical
and café & restaurant.

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