£100,000
Retail premises for sale
Property photos
Just added
Guide price
£100,000
(£79.68/sq. ft)
Retail premises for sale
Marfleet Lane, Kingston Upon Hull HU91,255 sq. ft
Local area information
Property location
Nearby amenities
- St Richard's VC Academy 0.1 miles
- Archbishop Sentamu Academy 0.4 miles
- Hull Ferry Terminal 0.8 miles
- Hull 3.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold Retail Opportunity
- Accommodation extending to c.116.6 sq m (1,255 sq ft) overall
- Main road neighbourhood retail location
- Well-presented ground-floor hair salon benefiting from business rates relief
- Investment opportunity with the flat generating an income of £5,196 p.a.
The property is located on the east side of Marfleet Lane, approximately 3 miles east of Hull city centre. The property forms part of a neighbourhood shopping parade fronting a high volume vehicular route, with Marfleet Lane providing a link between Hedon Road and Holderness Road. There is high-density housing in this location, including ongoing new development. The property is positioned at a pedestrian crossing.
Description
The property comprises a two-storey mid-terrace building of brick construction beneath a pitched slate tile-covered roof. There is a rear two-storey extension beneath a mono-pitched roof. There is off-street car parking for two vehicles at the front and rear of the property.
The accommodation provides a ground-floor commercial unit currently used as a hair salon, with a main sales area, rear kitchen, store and WC. The shop front has an external electric security shutter. The first floor provides a large one-bedroom flat with separate rear access. Both elements have separately metered gas and electric supplies.
The flat is currently occupied under a periodic tenancy at a passing rent of £433 pcm (£5,196 per annum). It is understood that the tenant has been in occupation since September 2024 and wishes to remain subject a purchasers requirements.
Accommodation
Ground floor Sales 48.1 sq m (518 sq ft)
Kitchen, Store 12.7 sq m (137 sq ft)
First floor One-bed flat 55.8 sq m (600 sq ft)
Total 116.6 sq m (1,255 sq ft)
Disposal
The freehold property is offered For Sale at a guide price of £100,000.
Rateable value
The premises are listed within the Rating List as ‘Shop & Premises’ with a Rateable Value of £5,200 (Effective April 26). Under current legislation, an eligible occupier may benefit from small business rates relief.
Legal costs
Each party will be responsible for its own legal costs incurred, together with any Stamp Duty Land Tax that may be payable.
Energy performance rating: Salon ‘B’ (50) valid until 14 May 2036 / Flat ‘D’ (58) valid until 17 May 2036
Description
The property comprises a two-storey mid-terrace building of brick construction beneath a pitched slate tile-covered roof. There is a rear two-storey extension beneath a mono-pitched roof. There is off-street car parking for two vehicles at the front and rear of the property.
The accommodation provides a ground-floor commercial unit currently used as a hair salon, with a main sales area, rear kitchen, store and WC. The shop front has an external electric security shutter. The first floor provides a large one-bedroom flat with separate rear access. Both elements have separately metered gas and electric supplies.
The flat is currently occupied under a periodic tenancy at a passing rent of £433 pcm (£5,196 per annum). It is understood that the tenant has been in occupation since September 2024 and wishes to remain subject a purchasers requirements.
Accommodation
Ground floor Sales 48.1 sq m (518 sq ft)
Kitchen, Store 12.7 sq m (137 sq ft)
First floor One-bed flat 55.8 sq m (600 sq ft)
Total 116.6 sq m (1,255 sq ft)
Disposal
The freehold property is offered For Sale at a guide price of £100,000.
Rateable value
The premises are listed within the Rating List as ‘Shop & Premises’ with a Rateable Value of £5,200 (Effective April 26). Under current legislation, an eligible occupier may benefit from small business rates relief.
Legal costs
Each party will be responsible for its own legal costs incurred, together with any Stamp Duty Land Tax that may be payable.
Energy performance rating: Salon ‘B’ (50) valid until 14 May 2036 / Flat ‘D’ (58) valid until 17 May 2036
More information
Listed by
Scotts Property LLP
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