Norwich House, Hull, East Yorkshire, HU1 3ES
FOR SALE: £1.3 m
Floor Area (approx.): 2,738.1 sq m (29,472 sq ft)
Substantial freehold office and retail investment.
SITUATION
The property is situated in a prominent position in Hull City Centre approximately 400m east of Hull Railway Station. The property benefits from being just a short walk from Princes Quay Shopping Centre and the Prospect Shopping Centre with other neighbouring occupiers including the BBC, McDonalds and Tescos.
PROPERTY/ACCOMMODATION
The property comprises a substantial 5 storey brick-built building extending to approx. 2,738 sq m (29,472 sq ft) and comprising 3 ground floor retail units and offices across 4 upper levels. The offices benefit from excellent natural light, central heating, perimeter trunking and 2 x 10 person passenger lifts.
GUIDE PRICE
£1.3m. Based upon the current rent received of £154,750, this shows a investor purchaser an initial yield of approx. 13.8%.
VAT
VAT is chargeable on the sale price.
