• Broker Paul White 01482312366

228 Spring Bank 3,822 SF 100% Leased Office Building Hull HU3 1LU $531,280 ($139.01/SF) 7.50% Cap Rate

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EXECUTIVE SUMMARY

The property forms part of an end-terraced two-storey converted former office into 6 self-contained apartments that consist of 3 x 2 bed and 3 x 1 bed all of which benefit form their own car-parking space within the secured parking lot to the rear of the property.
Each flat has been refurbished to a good standard with gas central heating as well as modern kitchen facilities.

ATTACHMENTS

228 spring bank

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
3,822 SF
Building Class
B
Year Built
1870
Price
$531,280
Price Per SF
$139.01
Cap Rate
7.50%
NOI
$39,846
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
1,274 SF
Building FAR
0.43
Lot Size
0.20 AC
Parking
11 Spaces (2.88 Spaces per 1,000 SF Leased)

AMENITIES

  • Security System
  • Energy Performance Rating - C

MAP

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