HomeFind a Property

727-729 Hessle Road, Hull HU4 6PJ

Size: 
1,549-3,168 Sq Ft
Type: 
Investment
Availability: 
For Sale
Price: 
£260,000

727 and 729 Hessle Road presents a mixed-use investment/redevelopment opportunity. The properties provide three separate commercial units upon the ground floor with one unit currently tenanted and trading as a hair salon and has been in occupation at the property for over 20 years.

The upper floors provide two large self contained 2-bed flats which have the potential to be reconfigured into 3- bed flats. The first floor flat at 729 Hessle Road is currently tenanted and has been occupying for over five years. At the rear of 727 Hessle Road, there is ancillary space at the ground floor which is accessible via the first floor flat however this space could be transformed into a self contained studio having the benefit of rear access onto the yard area.

At the rear of 729 Hessle Road is a 1-bed flat currently vacant and is accessible via Devon Street. A further outbuilding is situated at the rear and is currently utilised for storage however this could be redeveloped into a self contained 1-bed subject to planning. The total estimated annual income once both properties are fully developed and let is £34,440 per annum exclusive.

Both 727 and 729 Hessle Road are an ideal opportunity for an investor/developer seeking to add to an existing portfolio and realise the full value and opportunity both properties present.

Offers are invited in the region of £260,000 for both freehold interests. Both properties are available to be purchased separately by negotiation.

A purchase at this level would produce net initial yield of 13% assuming acquisition costs of 1.8% based upon the total estimated rental income once fully let.

For further information about this property listing you can download the brochure or contact Jonathan Barker on 07432 534668 or by emailing jonathan@barkerproperty.uk

We make commercial property easy

1
2
3
Contact us

Speak with a member of our expert team today about your commercial property requirements.

Receive your bespoke strategy

After an initial consultation, we create a tailor-made plan designed to work on achieving the best possible outcome for you.

Results

Whichever service(s) you require, we work hard on your bespoke plan ensuring the highest level of professionalism throughout and to deliver successful results for you.

REQUEST CALL BACK

Ask one of our team to give you a call

Thank you! Your submission has been received!
Oops! Something went wrong.