Hotel for sale

Hull HU8 0TY, UK


£110,000
S.O.A.

Description

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

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If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

16% Gross Yield

High Yielding Commercial Property

Motivated Seller for Quick Sale

Passive Income Producing Property

Licensed Public House with Flat

The Savoy Hotel, Savoy Road, Hull, HU8 0TY

Purchase Price = £110,000

Finder’s Fee = £4,000 + Vat

Total Gross Income =

£1,667 pcm = £20,000 per annum

CASH BUYER REQUIRED FOR THIS PROPERTY DUE TO LOW LEASE

For a limited time only, we have managed to secure a readymade income producing commercial property close to Hull town centre.

The property is currently fully let on a long term lease to single private operator with 6 years left on the lease. The current pub operator may an extension on the lease.

The property itself is a licensed Public House with flat accommodation above

The Property has very recently undergone an extensive refurbishment costing £20k bringing it back to standards to complement surroundings.

Existing Commercial Agent in place charging 6% for rent collection and providing a hands free investment.

Please Note this is a Leasehold Property expiring 2063, thus 43 years left on the Leasehold; 43 years of hands off income.

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Categories

HotelsCommercial Properties
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