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INVESTMENT PROPERTY (A5 Convenience Store), Hull.
Substantial end of terrace property on a busy roadway through a well populated and predominantly residential area of Hull. The shop has a 25 year lease from 2010, Rent reviews every 3 years. The current rent is GBP300 per month but should be in the region of GBP500 per month. The flat is rented out at GBP350 per month. This is a property which would have a value in excess of GBP100,000 with vacant possession – representing a very good buy because it will command more rental income at future rent reviews.
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