175-177 Cleveland St 512 SF Retail Building Hull HU8 8AZ £215,000 (£419.92/SF) 9.49% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Mixed use investment opportunity
- Close proximity to Reckitt Benckiser, Docks, Sutton Fields Industrial Estate
- Highly prominent position fronting Cleveland Street
EXECUTIVE SUMMARY
The premises consist of a mixed scheme commercial and residential investment with 175 Cleveland Street comprising of a spacious 2 bedroom flat which is accessed off Glass House Row with the 1st and 2nd floor comprising of a spacious 3 bedroom flat with access via Cleveland Street consisting of a large kitchen, bathroom, living facilities on the first floor with double bedroom and 2nd floor comprising of 2 spacious double bedrooms.
175 consists of a ground floor café which is being utilised as a sandwich shop operating as Kings Café with the 1st floor comprising of spacious 1 bedroom flat.
175 consists of a ground floor café which is being utilised as a sandwich shop operating as Kings Café with the 1st floor comprising of spacious 1 bedroom flat.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
512 SF
Building Class
B
Year Built
1913
Price
£215,000
Price Per SF
£419.92
Net Initial Yield
9.49%
NOI
£20,404
Tenancy
Single
Number of Floors
2
Building FAR
0.59
Lot Size
0.02 AC
Frontage
9 ft on Cleveland Street
AMENITIES
- 24 Hour Access
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
