Sale unit Available

Unit

Sale unit

Size

• 537 sq ft

Price

£175,000

Net initial yield

9.71%

Price per sq ft

£325.88

• The investment comprises 15 George Street.
• The freehold interest of the property is available for £200,000..
• The property comprises a ground floor retail shop and ancillary accommodation together with a self contained flat at first and second floor.
• The property itself comprises a three storey, Grade II Listed, Georgian building of traditional brick construction with clay pantile roof with timber window frames and shop front.
• The shop benefits from security grills to the front windows.
• There is a security alarm for the shop.
• Externally there is a rear courtyard area offering scope for further development.
• The ground floor retail space provides a small retail / display area at street level with internal steps then leading up to the balance of the retail space.
• Ancillary accommodation includes storeroom, office / store, craft workshop, kitchen and wc.
• The shop will be sold with the benefit of vacant possession.
• The flat is currently let by way of an assured shorthold tenancy agreement at a rent of £320 per calendar month.
• The property is situated in a prime trading position on George Street in the centre of Barton upon Humber.
• George Street runs between King Street and Market Place.
• The town’s principal shopping area is a short distance away on King Street with a variety of national and local businesses within the town centre with nearby occupiers including Cooplands, Heron, Boots, William Hill and Lloyds Pharmacy.
• Additional footfall is also generated by the doctors surgery further along King Street.
• In addition to the retail businesses there are three estate agents nearby.
• There is limited on street parking available along King Street and George Street.
• There is further parking available within nearby Market Place and also on Cottage Lane which can be access via Chapel Lane.
• Barton upon Humber is a popular Georgina town on the south bank of the river Humber alongside the Humber Bridge.
• Road communications to the town are excellent with the A15 providing access to the north and Hull via the Humber Bridge and to the south the A15 links in to the A180 and M180 at Barnetby Top.