248 Hull Rd
815 SF Retail Building Hull HU4 7RS $476,390 CAD ($584.53 CAD/SF) 7.76% Cap Rate



INVESTMENT HIGHLIGHTS
- Established restaurant investment opportunity
- Residential accommodation on the upper floor
- Fully fitted space
EXECUTIVE SUMMARY
The premises comprise an end of terrace two storey property situated in a corner position with frontage both to Hull Road and Spring Gardens. The ground floor has a display window to the front and adjacent entrance door. The ground floor is fitted out as a restaurant and is primarily open plan. Located to the rear are client wc facilities and beyond this a fully fitted modern kitchen. A door to the side provides access to the first floor flat. The first floor provides a two bedroom flat with a lounge to the front, bathroom and galley kitchen. Externally the property benefits from having an enclosed yard to the rear plus two storage buildings. The property has vehicle access to the front via spring Gardens into a walled parking area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
815 SF
Building Class
B
Year Built
1960
Price
$476,390 CAD
Price Per SF
$584.53 CAD
Cap Rate
7.76%
NOI
$36,968 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.08 AC
Frontage
24’ on Hull Road
AMENITIES
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS









