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Buckingham Street 700 SF Retail Building Hull HU8 8TS $141,550 ($202.21/SF) 11.43% Cap Rate
Investment Highlights
- Prominent frontage
- Great connectivity
- Good location
Executive Summary
Gross Initial Yield: 10.53%
Rental Income: £12,000 p.a.
VAT is NOT applicable to this property
Comprises ground floor takeaway shop with ancillary accommodation above
Most of the equipment belongs to landlord. Benefits from gas boiler heating and EPC rating B
Situated in predominantly residential area with occupiers nearby including Nisa Local and Barber shop
Property Description:
Comprises mid-terrace ground floor takeaway with ancillary accommodation at first floor. The property benefits from rear yard and provided the following accommodation and dimensions:
Ground Floor: Counter, kitchen, storage, wc and shower
First Floor: 2 rooms
Total area size: 65 sq m (700 sq ft)
Tenancy:
The property is at present let to an Individual for a term of 5 years from 21st March 2025 at a current rent of £12,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 21.03.28 open market upward only. Tenant option to determine on 21.03.28 with min 3 months notice. Deposit held of £1,734. Tenant pays reduced rent of £10,404 p.a. for the first year. The vendor will top up rent until 21.03.26 so the buyer receives the equivalent to £12,000 p.a. from completion
Location:
The property is situated in predominantly residential area within 1.5 miles from Hull City Centre, with occupiers nearby including Nisa Local and Barber Shop.
Property Facts
Amenities
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Property Features: Comprises ground floor takeaway with ancillary above Comes fully furnished and ready for occupation with no premium VAT is NOT applicable to this property Available on a lease assignment until July 2030 Landlord open to a new long-term lease with suitable tenant Situated in predominantly residential area with occupiers nearby including Nisa Local and Barber shop. Property Description: Comprises mid-terrace ground floor takeaway with ancillary accommodation at first floor. The property benefits from rear yard and provided the following accommodation and dimensions: Ground Floor: Counter, kitchen, storage First Floor: 2 Rooms Total area size: 65 sq m (700 sq ft) Terms: Available on a lease assignment on the following FRI terms: Landlord open to a new long-term lease with suitable tenant Term: 5 Years from 11th July 2025 until 10th July 2030 Rent Year 1: £200.08 per week (PCM: £867) Rent Year 2-3: £230.77 per week (PCM: £1,000) Rent Review (open market): 11th July 2028 Break Clause: 11th July 2028 with min 3 months notice Deposit: £1,700 (3 Months) Rateable Value: From 1st April 2026 Rateable Value - £1,225 p.a. Rates Payable - £0* *Note - Small business rates relief available (subject to terms) EPC: The property benefits from a C Rating. Certificate and further details available on request. Location: Kingston upon Hull is Yorkshire`s only maritime City in the North East of England, situated on the River Humber and is the fourth largest city in Yorkshire. The City is served by the M62 Motorway, accessed via the A63. The property is situated in predominantly residential area within 1.5 miles from Hull City Centre, with occupiers nearby including Nisa Local and Barber Shop.
| Space | Size | Space Use | Position | Available |
| - | 700 SF | Retail | - | Now |
-
| Size |
| 700 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
-
| Size | 700 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Property Features: Comprises ground floor takeaway with ancillary above Comes fully furnished and ready for occupation with no premium VAT is NOT applicable to this property Available on a lease assignment until July 2030 Landlord open to a new long-term lease with suitable tenant Situated in predominantly residential area with occupiers nearby including Nisa Local and Barber shop. Property Description: Comprises mid-terrace ground floor takeaway with ancillary accommodation at first floor. The property benefits from rear yard and provided the following accommodation and dimensions: Ground Floor: Counter, kitchen, storage First Floor: 2 Rooms Total area size: 65 sq m (700 sq ft) Terms: Available on a lease assignment on the following FRI terms: Landlord open to a new long-term lease with suitable tenant Term: 5 Years from 11th July 2025 until 10th July 2030 Rent Year 1: £200.08 per week (PCM: £867) Rent Year 2-3: £230.77 per week (PCM: £1,000) Rent Review (open market): 11th July 2028 Break Clause: 11th July 2028 with min 3 months notice Deposit: £1,700 (3 Months) Rateable Value: From 1st April 2026 Rateable Value - £1,225 p.a. Rates Payable - £0* *Note - Small business rates relief available (subject to terms) EPC: The property benefits from a C Rating. Certificate and further details available on request. Location: Kingston upon Hull is Yorkshire`s only maritime City in the North East of England, situated on the River Humber and is the fourth largest city in Yorkshire. The City is served by the M62 Motorway, accessed via the A63. The property is situated in predominantly residential area within 1.5 miles from Hull City Centre, with occupiers nearby including Nisa Local and Barber Shop.
Nearby Major Retailers
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Buckingham Street
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