Mixed use for sale

*Guide Price £120,000 - £125,000 plus Reservation Fee*

*Prime Commercial Investment: Retail Unit with Accommodation Yielding £1200 Per Month*

Explore an exceptional commercial opportunity with this property, achieving £1200 per month in rent, a gross annual yield of £14,400 (Approximatley 12%) . The ground floor houses a thriving retail unit, complemented by a 2-bed flat, making it a versatile investment in a prime location.

Positioned at the end of a terrace in a row of shops, the property enjoys valuable outdoor space to the rear, providing versatility for various uses. This strategic location not only ensures a steady rental income but also positions the property within easy reach of Cottingham and Hull University.

The thriving retail unit adds vibrancy to the area, attracting foot traffic and enhancing the property's appeal. With a well-tenanted 2-bed flat above, this investment promises both stability and potential for further development.

Don't miss the chance to secure a commercial property with solid rental returns and strategic positioning. For more information or to arrange a viewing, please contact us.

Ground Floor Retail = 633 sq ft 

Retail Area: 26.3 ft×18.7 ft= 491.81 sq.

Kitchen Area: 12.6 ft×8.8 ft=110.88 sq. 

W.C Area: 7.5 ft×4.3 ft=32.25 sq. 

First Floor Flat = 433 sq ft

Kitchen Area: 6.4 ft×9.7 ft=62.08 sq. 

Bedroom 1 Area: 11.9 ft×14.9 ft=177.31 sq. 

Bedroom 2 Area: 12.6 ft×12.4 ft=156.24 sq. 

Bathroom Area: 6.3 ft×6.0 ft=37.8 sq. 

These calculations give you the approximate areas for each of the specified spaces.

*Fees, Exclusivity, and Disclaimer:* 

*Fees:* 

*Reservation Fee:* Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price. This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss. 

The Reservation Fee can be refunded under certain circumstances; 

i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey. For more information on what would qualify for a refund then please speak to the office 

*Exclusivity:* 

Following the payment of the reservation fee, Rezee will facilitate a fixed exclusivity period of 90 days from draft contracts being issued. During this time the property will be reserved, so there will be no risk of gazumping. 

*Process:* 

Our process: 

1. Register your interest 

2. Prepare your finances for the purchase 

3. Arrange a viewing 

4. Make an offer 

5. Secure your sale using our secure system 

6. Exchange and complete 

*Disclaimer:* 

The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer. 

The Buyer is required to verify their ID & show proof of funds. 

Rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. Rezee may receive a referral fee for these third-party services. 

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.