Commercial Property

INVESTMENT

To Buy: £495,000 for sale

6442 sq ft (598.48 sq m)

PERMANENT HOUSE, PARAGON STREET / SOUTH STREET, Hull, East Yorkshire, HU1 3QD

The property comprises of a purpose built retail and office building, constructed in the late 1950s providing a ground floor retail unit with basement storage, together with three independent office suites above. The ground floor retail accommodation is occupied by William Hill, who have traded from the building since 1993, offering an open plan sales area with ancillary storage. The first, second and third floor office suites are each self-contained with WC facilities off respective landings. The accommodation is also lift served.

  • City centre retail and office building

  • Strategic location close to Hull's bus and rail stations

  • Occupied by long standing national tenants

  • Income £55,375 pa

  • Freehold £495,000 plus VAT (offering a yield of 10.7% after allowing for purchaser's costs of 4.63%)

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