The Old Post Office | 90 Main Rd
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The Old Post Office 90 Main Rd
2,062 SF Retail Building Hull HU11 4NL £375,000 (£182/SF)
Investment Highlights
- Mixed-use investment opportunity
- Large 2-bed flat above and finished to a high specification
- Long established tenants in situ
Executive Summary
The property comprises of three units to provide a mixed-use investment opportunity. The ground floor comprises of a large cafe fronting Main Road and currently producing £8,340 per annum. At the rear there is a well presented micro-pub which contains a traditional looking bar with seating and an additional seating area within the extension that is complete with a log burner to provide a warm and cost environment. The micro pub is currently producing £11,400 per annum and therefore the total income is approximately £19,740 per annum. There is potential to increase the rents upon both units subject to further discussions and negotiations. Both tenants have been longstanding and established businesses serving the Thorngumbald and wider community. The property also includes a rear customer parking area for circa 10 spaces. Upon the first floor, the property comprises of a self contained two bedroom flat that is finished to a high standard throughout. The flat will be sold with the benefit of a brand new AST agreement at approximately £700 per calendar month to provide a total income across all three units of approximately £28,140 per annum. Additionally, the flat is also available with full vacant possession if required.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,062 SF
Building Class
B
Year Built
1890
Price
£375,000
Price Per SF
£182
Tenancy
Single
Number of Floors
1
Building FAR
0.41
Lot Size
0.12 AC
Frontage
46 ft on Main Road
Amenities
- EPC - D
- Storage Space
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The Old Post Office | 90 Main Rd
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