Commercial Property

INVESTMENTRETAIL

To Buy: £650,000

46-50 KING EDWARD STREET, HULL, East Riding of Yorkshire, HU1 3SQ

The building occupies a prominent location in the city centre on King Edward Street close to its junction with Prospect Street and adjacent to the pedestrianised section which links Jameson Street and Victoria Square. Jameson Street provides access through to Ferensway, the transport hub and railway station and the St Stephen's shopping centre. Hull is the UK's City of Culture for 2017 and is a major east coast city and port with a population within the city boundary of 249,100 and a catchment population within the drive to work area in excess of 400,000. An attractive and prominent landmark building in Hull city centre which is listed Grade II. The building has stone elevations to the front with brick elevations to the rear and slate roofs. The properties are arranged as 3 ground floor shops with No 50 occupying the whole of their building having retailing and ancillary space on the upper floors. No 48 is at ground floor level only with the upper parts being occupied by the tenant of No 46 King Edward Street. Externally there is a small rear yard with access off Waltham Street. This gives bin storage space for tenants. Good secondary city centre retail investment producing £57,000 pa Highly prominent location Attractive yield of 8.34% UK City of Culture 2017