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To book a viewing for this property, please call Wigwam, on 01482505152.
To book a viewing for this property, please call Wigwam, on 01482505152.
Commercial Property, Maritime House, Kingston Street, HU1
Maritime House, Kingston Street, HU1
Wigwam
Block A, Unit 7B, Flemingate, Beverley
Description
Guide price - £400,000 - £450,00 - We are pleased to offer Maritime House, a vacant freehold commercial property boasting an internal footprint of circa 833 sqm on 0.4 acres of land. The prominent two-storey detached office building is conveniently located in close proximity to Hull's old town, Humber Street, Hull Marina and Kingston Retail Park.
Benefitting from Class E use, so is suitable for retail, financial services, office, medical, gym, and restaurant use.
Opportunity
On 1st September 2023, Hull City Council approved planning for the "Conversion of and extensions to the existing building to form 20 apartments and a ground floor management office", of which 15 car parking spaces were also permitted under the approval. Internal footprint would increase 1,710 sqm. Below is a schedule of the building's proposed layout as per planning:
1 x Management office (84 sqm)
4 x One-bed apartments (between 54 sqm and 70 sqm)
12 x Two-bed apartments (between 71 sqm and 95 sqm - includes one duplex)
4 x Three-bed apartments (between 88 sqm and 109 sqm)
https://www.hullcc.gov.uk/padcbc/publicaccess-live/applicationDetails.do?keyVal=R8UK16SO06800&activeTab=summary
Estimated Market Rents
One-bed apt. - £750 pcm
Two-bed apt. - £800 pcm
Two-bed duplex apt. - £825 pcm
Three-bed apt. - £900 pcm
Parking spaces - £25 pcm
Total - £16,600 pcm
Compliance
Non-domestic EPC rating: F (131)
Rateable value: £23,750 effective 1st April 2023
VAT: Property not elected for VAT
EPC Rating: A
Key Features
- Commercial property boasting an internal footprint of circa 833 sqm on 0.4 acres of land
- City centre location with large amount of parking
- Previous planning permission for conversion to multiple apartments
- Potential yield of £16,600 pcm if converted into apartments
- Benefitting from Class E Use - suitable for retail, financial services, office, medical, gym, café and restaurant
- Multiple kitchens and bathrooms in place
Property Details
- Property type: Commercial Property
- Price Per Sq Foot: £42
- Approx Sq Feet: 9,505 sqft
- Council Tax Band: TBD
Floorplans
Outside Spaces
Parking Spaces
Location
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