£700,000
Land for sale
Property photos
Guide price
£700,000
Land for sale
Little Reed Street, Hull HU2290,893,680 sq. ft
Local area information
Property location
Nearby amenities
- Hull Trinity House Academy 0.1 miles
- St Charles Voluntary Catholic Academy 0.3 miles
- Hull 0.4 miles
- Hull Ferry Terminal 2.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Hull to find out more about the local area.
Features and description
- Mixed-use investment opportunity situated off Little Reed Street
- Fronting Freetown Way
- 11 units providing total income £61,200 per annum.
- Three commercial units producing £19,800 per annum.
- Seven 1-bed flats and one 2-bed flat producing £41,400 per annum.
- Freehold subject to existing tenancies at a guide price of £700,000.
- Net initial yield of 8.42% assuming purchaser’s costs of 3.8%.
The property is located between Little Reed Street and Charles Street within Hull city centre and fronts Freetown Way which is one of Hull’s main arterial routes through the city. The surrounding area comprises of both residential and retail/office uses and is within short walking distance of Hull’s amenities.
Villandro House comprises of three ground floor commercial units that are fully let and a further eight self- contained residential flats situated upon the ground, first and second floors also fully let and income producing. The entire property which is held under four freehold titles, presents a mixed-use investment opportunity with a total combined income approximately £61,200 per annum within Hull city centre.
The ground floor units comprise of an aesthetics clinic, gym and recruitment agency with each unit suitably modernised for each purpose. The flats each contain well presented kitchen, bathrooms and living space. This opportunity will appeal to a private investor seeking to grow their existing or purchase a mixed-use property portfolio within the city centre.
Villandro House comprises of three ground floor commercial units that are fully let and a further eight self- contained residential flats situated upon the ground, first and second floors also fully let and income producing. The entire property which is held under four freehold titles, presents a mixed-use investment opportunity with a total combined income approximately £61,200 per annum within Hull city centre.
The ground floor units comprise of an aesthetics clinic, gym and recruitment agency with each unit suitably modernised for each purpose. The flats each contain well presented kitchen, bathrooms and living space. This opportunity will appeal to a private investor seeking to grow their existing or purchase a mixed-use property portfolio within the city centre.
More information
Listed by
Barker Property Consultants
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