50 Savile Street, Hull
Price Guide £150,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
- Freehold Investment / Development Opportunity
- Grade II property forming part of an established retail parade near Queen Victoria Square
- Total area c.131.4 sq m (1,415 sq ft)
- Ground floor shop producing a rental income of £7,200 p.a. from an established tenant
- Planning permission for redevelopment of the upper floors (1 x 2 bed flat above)
Material Information
Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page
Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :
Size The size of a property or land refers to its physical extent or area. Read our glossary page
1415sqft
Use Class A commercial use class refers to a classification system that categorises buildings based on their intended commercial purposes, such as offices, retail spaces, or industrial facilities. Read our glossary page
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Freehold Investment / Development Opportunity - A Grade II property forming part of an established retail parade near Queen Victoria Square. Ground floor shop produces a rental income of £7,200 p.a. from an established tenant. Planning permission for redevelopment of the upper floors (1 x 2 bed flat above)
The subject property is located on the east side of Savile Street close to King Edward Street and Queen Victoria Square within Hull city centre. Savile Street is home to a mix of independent retailers. The central position enables easy access to all city centre area amenities.
Description
The property comprises a 3-storey traditional brick, mid terrace building beneath a pitched slate roof incorporating a shuttered aluminium shop front with a recessed entrance. Internally, the property provides a regular shaped ground floor sales area, benefiting from laminate flooring and a suspended ceiling with integrated lighting. A separate ground-floor entrance provides access to the upper floors with scope for residential conversion to self-contained living accommodation. The upper floors require full refurbishment.
Accommodation
| Ground Floor | 61.2 sq m | (659 sq ft) |
| First Floor | 33.7 sq m | (363 sq ft) |
| Second Floor | 36.5 sq m | (393 sq ft) |
| Total area | 131.4 sq m | (1,415 sq ft) |
Terms
The freehold interest, subject to the current occupation and part vacant possession is available For Sale at a guide price of £150,000.
Lease Details
The ground floor is held on an effective Full Repairing and Insuring commercial lease expiring January 2028 at a passing rent of £7,200 per annum exc. The tenant has been in occupation since April 2010.
Rateable Value
The premises are described as ‘shop and premises’ with a rateable value of £7,400 (2026 Rating List). Under current provisions, a
small business may benefit from 100% small Business Rates Relief (subject to status).
EPC Rating: D (88)
EPC Rating: D (88)
Planning
The property is situated in the Old Town Conservation Area and is Grade II listed under the Historic England list entry no. 1219129. The property will be sold with the benefit of planning consent for a change of use of upper floors to a 2 bedroom apartment. Full details can be obtained via the Hull City council planning portal, reference (23/01654/FULL) and (23/01655/LBC). A copy of the decision notice and floor plans are attached. Interested parties are advised to make planning enquiries direct to the local authority.
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