Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
Theproperty comprises a freehold block arranged across lower ground, upper ground and three upper floors. The property is predominantly in residential use, but includes a commercial unit to the lower ground floor which enjoys separate access. All the residential units are fully furnished and full details are included in the legal pack.
The property forms part of a terrace of similar properties and is well located at the corner of Story Street and King Edward Street, which forms the prime retail pitch in Hull. The property is also in close vicinity to Prospect Shopping Centre.
We understand that prior to its use as self-contained flats, the residential units were used as “AirBnB” Serviced Apartments. We understand that the total average turnover was £6,500 per calendar month and the property enjoyed 100% business rates relief.
Tenure
Freehold
Tenancy
The commercial unit is let on a lease expiring in November 2025 and producing a rent of £7,500 per annum.
The flats are all let on Assured Shorthold Tenancies (ASTs) at rents ranging between £725-£850 PCM (£8,700-£10,200 per annum)
Please see the below Tenancy/Accommodation Schedule for more information
Rent