Summary - 219 BUCKINGHAM STREET HULL HU8 8TS
1 bed 1 bath Takeaway
Immediate income with equipment included and scope for value uplift through refurbishment.
- Freehold takeaway with ground-floor commercial kitchen and first-floor accommodation
- Current rent £12,000 p.a.; vendor tops up to secure full income until 11.07.26
- Gross initial yield 11.43% at the asking price of £105,000
- Lease 5 years from 11.07.2025, full repairing and insuring covenants
- Tenant has option to determine 11.07.28; rent review open-market upward only
- EPC rating B; mains gas boiler heating; most equipment owned by landlord
- Located in a very deprived area with high crime — re-letting and trading risk
- Very small plot, solid brick walls likely without insulation; refurbishment potential
A freehold takeaway investment offering an attractive gross initial yield of 11.43% from a long leaseback. The property comprises a ground-floor takeaway with commercial kitchen and ancillary two-room accommodation above, total area approximately 65 sq m (700 sq ft). Most catering equipment belongs to the landlord, and the building benefits from mains gas boiler heating and an EPC rating B.
The property is let on a five-year lease from 11 July 2025 with full repairing and insuring covenants. The tenant pays a reduced first-year rent; the vendor will top up receipts to ensure the buyer receives the equivalent of £12,000 p.a. until 11 July 2026. There is an open-market upward-only rent review in July 2028 and a tenant option to determine on that same date (three months’ minimum notice), which creates an element of re-letting risk mid-term.
Located within 1.5 miles of Hull city centre in a predominantly residential area, the site sits among local convenience operators. Strengths include strong initial yield, included equipment, and low VAT exposure. Material considerations: the neighbourhood has high crime and very deprived area indices, a constrained renter profile, a very small plot and solid-brick walls likely without insulation. These factors suit investors seeking secure immediate income and asset-management opportunities rather than hands-off prime retail exposure.
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