Excellent Development Opportunity in Hull City Centre Location
Hull, East Riding of Yorkshire
- Asking Price: £234,950 +SAV
- Tenure: Freehold
***Potential Development Opportunity***
80% of the same road has been converted into residential dwelling. Hull City Council have just pledged to deliver 60,000 properties in the city centre.
Hilton Smythe welcomes to the market this exciting development opportunity. This invested property use to run as a fully equipped repairs service busines since 1950 and under the careful control of our client for some 30 years. However our client advises that the business is slowly winding down, therefore opening up the potential for the site to be used for alternative purposes if required.
The business has immense development potential, and benefits from being situated in a densely populated residential area with good links to the major road networks.
We are advised that within the area, plans are in place to build around 60,000 residential dwellings, with the potential for the business to take advantage of this future development.
The business had a fantastic reputation and is very well supported by local residents and businesses with much repeat trade including regular custom from the local police, security companies and car dealers and benefits from a monopoly trading position within the city centre.
The large workshop is very well presented with high quality equipment installed, providing bays for up to 11 vehicles.
Early viewing of this clearly sustainable turn the key business is highly recommended.
The investment property is located on Wright Street in the heart of Hull City Centre in the East Riding of Yorkshire.
Hull stands on the River Hull at the junction with the Humber Estuary, 25 miles inland from the North Sea. The city has a population of circa 256,100 and has served as a market town, military supply port and a trading hub.
During the early 21st century the city saw large amounts of investment in retail and commercial construction. Today, Hull is an established tourist destination with attractions including the historic Old Town and Museum Quarter, Hull Marina and The Deep Aquarium.
As you would expect the city has excellent road transport links with the main road in and out of the city being the M62 and A63 road. Hull Paragon Interchange opened in 2007 being the cities transport hub combining the main bus and rail terminal providing public transport services throughout the city and out to neighbouring towns and villages.
This brick and steel building briefly comprises:
Large workshop area for up to 11 vehicles.
Workshop with office space, customer waiting room, store room, newly installed wash area and toilet facilities.
MOT bay, 4 post ramp, diagnostics centre, four post service ramp, two post service ramp, compressor, Mig welder and gas welder.
Access is through an archway from the main street. There are two private parking spaces available in a courtyard area and street parking to the frontage.
The premises have had a new steel roof fitted within the last 12 months.
We are advised Freehold