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24-26 King Edward St

9,608 SF 79% Leased Office Building Hull HU1 3SS £375,000 (£39/SF) 9.60% Net Initial Yield

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Investment Highlights

High footfall area
Good road connections

Amenities nearby

Executive Summary

Shop let to Costa Limited on a lease expiring 2031. Total accommodation of approximately 863.3 sq m (9,293 sqft). Includes 483.2 sq m (5,210 sq ft) of vacant self-contained offices over the upper floors. Upper floors have potential for alternative uses and redevelopment, subject to the necessary consents.

Commercial - 24th September 2024 - Lot 105 - 24_26, King Edward Street, Hull, North Humberside, HU1 3SS

Property Facts

Sale Type

Investment

Sale Condition

Auction Sale

Property Type

Office

Tenure

Freehold

Building Size

9,608 SF

Building Class

Year Built

1930

Price

£375,000

Price Per SF

£39

Net Initial Yield

9.60%

NOI

£36,000

Percent Leased

79%

Tenancy

Multiple

Number of Floors

Typical Floor Size

1,993 SF

Amenities

EPC - C

Space Availability

Ground-Ste 25
1,267 SF
Retail
Partial Build-Out
Now

The subject property occupies a central position on King Edward Street close to TUI Travel and Dr Martens, opposite Costa and Tesco Express. It is comprised of 1,997 sq ft of retail space, set out across 3 floors.

Space	Size	Space Use	Condition	Available
Ground-Ste 25	1,267 SF	Retail	Partial Build-Out	Now

Size

1,267 SF

Space Use

Retail

Condition

Partial Build-Out

Available

Now

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