Under Offer
Hull – Restaurant & 2 Flats
317 Holderness Road, Hull, North Humberside HU8 8SHFreehold Restaurant and Residential Investment
Price
£250,000
Rent P.A.
£20,844
Yield
8.34%
Tenure
Freehold
Lease Term
3 Years
Years Left on Lease
Holding Over
Area
2,031 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises a shop on the ground floor and two self-contained flats on the first and second floors with separate access
- Flat No. 317B was completely refurbished in 2019
- Occupiers nearby include Boots Pharmacy, Heron Foods, Lloyds Bank, Vision Plus, British Heart Foundation, Betfred, Savers, amongst other local traders
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property is arranged as a three storey detached building of brick construction beneath a pitched tiled roof. The property comprises a shop on the ground floor and two self-contained flats on the first and second floor with separate access from the commercial unit.
Tenancy Description
The shop is at present let to Herby’s Ltd for a term of 3 years from 12th December 2017 at a current rent of £12,000 per annum and the lease contains full repairing and insuring covenants. Rent deposit held of £3,000. The tenant has been in occupation since 1995. The first floor residential flat (No. 317A) is at present let on an AST to an individual for a term of 12 months from 2nd February 2018 (Holding Over) at a current rent of £3,900 per annum. Rent deposit held of £325. The second floor residential flat (No. 317B) is at present let on an AST to an individual for a term of 12 months from 1st March 2020 at a current rent of £4,944 per annum. Rent deposit held of £412. Flat No. The flat was completely refurbished in 2019.
Tenancies & Accommodation

Location Description
Hull has a population of 243,589 and lies on the northern bank of the Humber Estuary about 55 miles east of Leeds. Hull is linked to the national motorway network via the M62 Trans-Pennine motorway and also by the M180 motorway via the Humber Bridge. Holderness Road (A165) and can be accessed via the A63 and the property lies on the north side, close to the junction of Mersey Street in a mixed commercial and residential area.