17 Endymion Street, Hull HU8 8TZ
Asking Price
£80,000
Current rent
£580
Managed By Ultralets
Tenanted
Works Recommended
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17 Endymion Street, Hull HU8 8TZ
Mixed-use Investment Opportunity
Property Brief
Mixed-use investment opportunity consisting of a ground-floor commercial unit being operated as a barbershop and a first-floor, studio apartment. Both units are on individual freehold titles.
Property sizes:
Commercial - 29 sqm
Residential - 24 sqm
Condition Report
The barbershop is in good condition. The flat is a little tired and in need of some cosmetic works.
Rental Information
Commercial
Current rent: £285 pcm
Market rent: £375 pcm
Tenancy agreement: Business property lease (3-year lease starting on July 2023)
Residential
Current rent: £295 pcm
Market rent: £450 pcm
Tenancy agreement: Assured shorthold tenancy (starting in November 2010
Compliance
Commerical EPC rating: D
Apartment EPC rating: E (potential C)
Figures
Estimated upfront costs below:
Deposit = £20,000
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £1,800
Total = £23,495
Current yield is 8.7% (or 12.4% at market rent).
Buyer Disclaimer - https://bit.ly/3CzncNu
To speak to our in-house Mortgage Advisor, call the office on 01482 562562 and ask to speak to Jack Newton.
Key Features
Managed By Ultralets
Tenanted
Works Recommended
Commercial
1 Bedroom
1 Bathroom
Gas Central Heating
Double Glazing
Freehold
Location and area
Energy Performance Certificate
See below the energy charts for this property
Floor Plan
