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Grampian Way - Grampian Shopping Centre
500 SF Retail Condo Unit in Hull HU7 5BZ
INVESTMENT HIGHLIGHTS
- Let to a Local Grocers
- Established Local Retail Park
- High Yielding Retail Investment
EXECUTIVE SUMMARY
The property comprises a high yielding retail investment situated within a popular local retail park.
PROPERTY FACTS
| Unit Size | 500 SF | Building Class | B |
| No. Units | 1 | Floors | 1 |
| Total Building Size | 27,417 SF | Typical Floor Size | 27,417 SF |
| Property Type | Retail (Condo) | Year Built | 1988 |
| Property Subtype | Storefront Retail/Office | Lot Size | 3.81 AC |
| Sale Type | Investment | Sale Condition | Auction Sale |
| Unit Size | 500 SF |
| No. Units | 1 |
| Total Building Size | 27,417 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Sale Type | Investment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 27,417 SF |
| Year Built | 1988 |
| Lot Size | 3.81 AC |
| Sale Condition | Auction Sale |
1 UNIT AVAILABLE
Unit 7
| Unit Size | 500 SF | Tenure | Long Leasehold |
| Condo Use | Retail | Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Unit Size | 500 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Sale Conditions | Auction Sale |
DESCRIPTION
Arranged as a ground floor retail unit, the property is let to a private individual, trading as a grocer, on a five year lease expiring 13/03/2028 and paying £10,000 per annum.
SALE NOTES
Lot 193 is available for sale at a Savills online auction to be held between Wednesday 26th & Thursday 27th February 2025.
The property comprises a long leasehold investment opportunity for sale.
The guide price is £70,000, representing a gross initial yield of14.29%.
AMENITIES
- Security System
- Energy Performance Rating - D
- Automatic Blinds
- Storage Space
NEARBY MAJOR RETAILERS
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Grampian Way - Grampian Shopping Centre
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