Property Information
Address:
50-54 Princes Avenue, Hull
, HU5 3QG
Price: Sale Price: £615,000
Size: 118 sq ft11 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH671930
Property Ref/Agent: 3589
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: November 13, 2024
Property description
Investment premises located fronting Princes Avenue circa 1.5 miles west of Hull City Centre.
Located in long established destination leisure area with many café bars, restaurants and local retailers.
Comprising self contained café bar with front and rear outside seating together with three self contained flats.
Ground floor let on lease to 09/09/25 at £30,000 per annum.
Three flats let to same tenant on AST's until 09/09/25 at £23,000 per annum.
Total rent £53,000 per annum
Available at £615,000 which reflects a return of 8.1% after an allowance of say 6.5% for purchase costs.
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