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211-215 Chanterlands Av 3,626 SF 100% Leased Retail Building Hull HU5 3TP $553,895 ($152.76/SF) 5.76% Cap Rate
INVESTMENT HIGHLIGHTS
- Significant asset management potential.
- Three commercial units with two self contained flats situated above.
- Mixed-use investment opportunity situated on Chanterlands Avenue in Hull.
EXECUTIVE SUMMARY
The ground floor occupiers include a dance studio and beauty salon with a former art gallery that is due to become vacant and marketed to let. Each of the ground
floor units are currently holding over and the first floor floor flats are each let on AST agreements. The total income across all units is approximately £23,900 per
annum with significant potential to increase the total income to approximately £42,300per annum.
floor units are currently holding over and the first floor floor flats are each let on AST agreements. The total income across all units is approximately £23,900 per
annum with significant potential to increase the total income to approximately £42,300per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,626 SF
Building Class
C
Year Built
1987
Price
$553,895
Price Per SF
$152.76
Cap Rate
5.76%
NOI
$31,899
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.12 AC
Frontage
52’ on Chanterlands Avenue
AMENITIES
- 24 Hour Access
- Bus Line
- Automatic Blinds
- Storage Space
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NEARBY MAJOR RETAILERS
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211-215 Chanterlands Av
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