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51 Princes Av 1,841 sq ft Retail Property Hull HU5 3QY £345,000 (£187.40/sq ft)
INVESTMENT HIGHLIGHTS
- Well established restaurant in prominent position
- Spacious marionette on upper floors
- Regular passing trade
EXECUTIVE SUMMARY
The property is held freehold, and title will be transferred accordingly if a purchase on this basis is made. If the business is purchased and lease taken, then the premises will be let on a new lease. This will be for ten years, or longer in multiples of five if required. It will be of a full repairing and insuring nature. The tenant will be permitted to occupy the living accommodation himself, or with staff who occupy same on the basis of a service agreement directly related to employment. The tenant will be required to meet the Landlord’s proper legal costs incurred in connection with the preparation and completion of the lease.
PROPERTY FACTS Sale Pending
Sale Type
Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
1,841 sq ft
Year Built
1959
Price
£345,000
Price per sq ft
£187.40
Tenancy
Single
Number of Floors
1
Plot ratio
0.63
Total Plot Size
0.07 ac
AMENITIES
- 24 Hour Access
- Storage Space
- Recessed Lighting
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NEARBY MAJOR RETAILERS
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51 Princes Av
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