Latest Valuation
£430,000
Yield
%
Selling Agent
Sourced Chester

15-Year Lease – Hands-Off Commercial Property Investment

A long established convenience store in Hull
Guide Price
£430,000

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Key Features

  • 15-Year FRI Lease
  • Commercial Property Investment
  • Blue Chip Tenant
  • ROI 6.16%
  • No Voids
  • Long Established Convenience Store

The Property

Sourced are proud to present this rare opportunity to purchase a long established freehold convenience store located in Hull.

Blue Chip owners have had the premises since 2003. When their 15-year lease expired in December 2018, they took up the next and current 15-year lease, proving how successful this has been in the area.

This is a perfect hands-off investment deal that manages itself.

There are no service charges or ground rent to be paid by the investor.

Rental income: £26,500 pa
Sourcing fee: 1%

Planning Information

N/A

The Plan

Our suggested plan is to purchase this property and benefit from a hands-off return on investment.

Rental income is £26,500 per annum and One Stop (owned by blue chip company) have signed a 15 year lease from December 2018.

Rental income: £26,500 pa
Sourcing fee: 1%

The Location

Over the last few years, Hull has transformed itself into a real gem in Yorkshire's crown, offering the perfect mix of museums, shopping and nightlife.

This up-and-coming city is the ideal location for a trouble-free investment.

Average estimated value for a house in HU9

£148,027

Average yield in Hull is 6%.

The average price for property in Hull stood at £148,027 in April 2020. This is a rise of 0.21% in the last three months (since January 2020) and rise of 1.28% since 12 months ago.