Summary - 23-27, HOLDERNESS ROAD HU8 7NA
1 bed 1 bath Commercial Property
Large Victorian shop with three flats, ideal for value-add investors.
Freehold mixed-use building producing £45,720 pa gross income
A substantial mixed-use freehold on a main arterial route, this Victorian parade property is fully income producing and offered at a competitive price. The ground floor benefits from a wide glazed retail frontage and a large, deep sales area; three self-contained flats above generate regular rental income, with current gross income of £45,720 per annum. Rear vehicular access and on-site parking add practical value for occupiers or tenants.
The building is sizeable (approx. 5,987 sqft) and period in character, presenting clear asset-management upside for an investor prepared to refurbish. EPCs are D-rated; parts of the building show signs of neglect and an attached garage and some external areas will require maintenance. The property sits on Holderness Road close to the city centre, offering strong visibility and good transport links.
Buyers should note material location and condition factors: the area records very high crime and very high deprivation scores, with a medium flood risk. The accommodation offers refurbishment and reconfiguration potential, but expects short-to-medium term capital expenditure to improve fabric, services and compliance. This is a value-add opportunity for a hands-on investor or operator seeking steady income with scope to increase returns after works.
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