8 Newbegin, Hornsea, East Riding of Yorkshire, HU18 1AG
For Sale £500,000
- Size: 0 sq.ft. / 5,129 sq.ft.
- Property Ref: 12150
- Type: Commercial Investment
The property comprises of 2 ground floor retail units. Both benefit from large display windows to the front, store / office space to the rear and customer toilets. We believe that the properties has use class E use, which enables them to be utilised as retail, offices, beauty, financial services café and restaurant. There is also a large cellar to which could be utilised by either of the shops. To the upper floors there are 7 self contained flats / studios which are currently all tenanted achieving between £350 to £500 pcm.( £32,280 pa) There is a large garden to the rear which can be accessed by all the residential tenants to be utilised as a communal space. The rooms have recently been renovated and could look at potential rent increases. The property has also recently been re roofed.
Property features
- Ground floor retail units benefits from class E Suitable for retail, leisure, café and restaurant, office, medical and financial services
- Upper floors consist of 7 flats, currently producing £32,280 with potential to achieve £53,280 pa once fully let
- Ground floor retail units available on new lease, separate or to be taken as a whole
