Property Information
Address:
46 - 50 Carr Lane, Hull, East Yorkshire
, HU1 3RF
, East Yorkshire
, United Kingdom
Price: Property no longer available.
Size: 2291 sq ft213 sqm
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH629890
Property Ref/Agent: 2246
*Please use the agent ref when calling the agent directly.
Property description
This investment comprises of three self contained retail units let to independent traders.
The tenants have been in occupation since 2006 and leases run until 2021 with open market rent reviews scheduled in 2015.
The ownership extends to the ground floor with upper floors forming part of a residential block leading through to Paragon Street.
City Centre retail investment.
Provide a net initial yield of 10.20% after pc of 4.14%.
Fully let on FRI leases with a passing rent of £42,000 p.a.
All units let on a 15 year lease from 13/11/2006.
Long leasehold on 999 year from 1990.
Excellent City Centre location.
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