4-6 Parliament Street, Hull, East Yorkshire, HU1 2AP
For Sale £675,000 (Offers in the region of)
- Size: 13,113 sq.ft. / 13,113 sq.ft.
- Property Ref: 4353
- Type: Commercial Investment
The property consists of a converted period building effectively comprising of 4 buildings converted into 1 block of offices occupied by SJP Law. The 3 properties fronting Parliament Street are within the Georgian era with the rear building, known as Parliament Chambers, believed to be Victorian. The main office is accessed via Parliament Street with the rear accessed via Duncan Place and Manor Street, and the property having the benefit of a secured car park for up to 10 vehicles. The Parliament Street buildings are built on basement, ground, first, second floor and attic level with the offices consisting of a mixture of individual offices and part of the building being refurbished to create open plan offices. The lower ground floor offices coming from Duncan Place are being utilised as a gym, additional individual offices and meeting rooms.
Property features
- SJP Law established legal firm, operating for over 170 years, with offices in Hull & York.
- Long established tenant paying a rent of £65,000 per annum, with a lease expiry on 23rd June 2028. Provides a Net Initial Yield of 9.18% after purchase costs of 4.94%.
- Parliament Street is a pedestrian area connecting to Whitefriargate and Alfred Gelder Street.
- Business Not Affected.
