3 Bedroom Retail (High Street) For Sale

Southgate, Hornsea, HU18

Guide Price £120,000

Key features

  • INVESTOR PROPERTY

  • SHOP

  • TWO FLATS

  • OFF ROAD PARKING

  • FANTASTIC LOCATION

  • INTERNAL VIEWING HIGHLY RECOMMENDED

Overview

Tenure:
Freehold
Guide Price:
£120,000

A rare opportunity to purchase a freehold terrace shop with two flats above and to the rear currently rented on a rolling contract basis. The property is situated on Southgate with parking to the rear. The retail premises are a good size with approx measurements provided on the floorplan. The one bedroom flat is situated on the first floor with a shared access door from Southgate with the retail unit. The two bedroom flat is accessed from the rear. Hornsea is a thriving coastal resort with a regular holiday season. The property as a whole provides an income of just over £12,000 pa.

The retail unit is a good size with power & light with a storeroom & Wc to the rear. There is access from the rear car parking area. The property is believed to have originally been built as a terrace house so offers possible change of use back to residential should a buyer be looking for a project as there is a lot of space on offer, subject to planning permission. This unit is currently rented at £300 pcm. 

One bedroom flat is accessed from Southgate via the shop entrance with separate door & stairs to the first-floor landing area. The accommodation offers a landing with the lounge, bathroom, kitchen and bedroom accessed from this landing. This unit is rented at £350 pcm. 

Two bedroom flat is accessed from the rear with entry into the ground floor kitchen. There is a door & stairs to the first floor offering a landing, lounge, bathroom & two bedrooms. This unit is rented at £375 pcm.

Extra Information

  • Property Age: 119 years
  • Council tax band: A (£1.00 Per Year)
  • Chain position: No chain
  • Double Glazing: Part
  • Heating: Electric
  • Parking: Off Street Parking

EPC

Floorplan

Property location

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