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294-294 Southcoates Ln 1,302 SF 100% Leased Retail Building Hull HU9 3AP $194,523 CAD ($149.40 CAD/SF) 7.52% Cap Rate
Investment Highlights
- The property is on the south side Southcoates Lane and forms part of a parade of neighbourhood retail units
- This is about 2.5 miles north east from Hull city centre in an established residential area
- Situated near a large pharmacy close to the busy junction with Preston Road
Executive Summary
The property is arranged as a terraced retail unit with hot food takeaway planning consent and self-contained living accommodation. The property includes a modern shop front and sales area with fryer, preparation/storage rooms and WC. The two-bedroom self-contained flat on the first floor has gas central heating and uPVC double glazing. This flat is independently accessed from a securely fenced rear yard.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,302 SF
Building Class
B
Year Built
1930
Price
$194,523 CAD
Price Per SF
$149.40 CAD
Cap Rate
7.52%
NOI
$14,636 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.75
Lot Size
0.04 AC
Frontage
15’ on Southcoates Lane
Amenities
- Automatic Blinds
- Storage Space
1 1
Nearby Major Retailers
1 of 10
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294-294 Southcoates Ln
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