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228 Spring Bank

3,822 SF 100% Leased Office Building Hull HU3 1LU £400,000 (£105/SF) 7.50% Net Initial Yield

Office Space North Humberside Hull 228 Spring Bank, Hull, NHS HU3 1LU

Executive Summary

The property forms part of an end-terraced two-storey converted former office into 6 self-contained apartments that consist of 3 x 2 bed and 3 x 1 bed all of which benefit form their own car-parking space within the secured parking lot to the rear of the property.
Each flat has been refurbished to a good standard with gas central heating as well as modern kitchen facilities.

Attachments

228 spring bank

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
3,822 SF
Building Class
B
Year Built
1870
Price
£400,000
Price Per SF
£105
Net Initial Yield
7.50%
NOI
£30,000
Percent Leased
100%
Number of Floors
3
Typical Floor Size
1,274 SF
Building FAR
0.43
Land Acres
0.20 AC
Parking
11 Spaces (2.88 Spaces per 1,000 SF Leased)

Amenities

  • Security System
  • EPC - C
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+44 1482 312366

  • Listing ID: 25730472

  • Date on Market: 18/05/2022

  • Last Updated:

  • Address: 228 Spring Bank, Hull HU3 1LU

The Office Property at 228 Spring Bank, Hull, HU3 1LU is currently available For Sale. Contact Garness Jones Chartered Surveyors for more information.

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228 Spring Bank

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+44 1482 312366

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