Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Heron Foods
Property Information
Location
Miles
3 miles north-west of Kingston upon Hull city centre, 36 miles south-east of York
Roads
A63, A164, A1079, M62
Rail
Hull Railway Station
Air
Leeds Bradford Airport, Humberside Airport
Situation
The property is situated on the south side of Endike Lane near its junction with Oldstead Avenue. Endike Lane runs through a predominantly residential area close to the University of Hull.
Tenure
Freehold.
Location
Miles
3 miles north-west of Kingston upon Hull city centre, 36 miles south-east of York
Roads
A63, A164, A1079, M62
Rail
Hull Railway Station
Air
Leeds Bradford Airport, Humberside Airport
Situation
The property is situated on the south side of Endike Lane near its junction with Oldstead Avenue. Endike Lane runs through a predominantly residential area close to the University of Hull.
Tenure
Freehold.
Description
The property comprises retail and ancillary accommodation on the ground floor and benefits from forecourt car parking.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises retail and ancillary accommodation on the ground floor and benefits from forecourt car parking.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Retail/Ancillary
692.00 sq m
(7,449 sq ft)
HERON FOODS LTD (1)
17.5 years from completion on a full repairing and insuring lease with a 10 year option to renew
£45,000
Rental increases linked to CPI (subject to minimum of 1% and a maximum of 3%) 5 yearly annually compounded
Totals
692.00 sq m
(7,449 sq ft)
£45,000
(1) Heron Foods Ltd was incorporated in 1978 and operates from some 235 outlets nationally. For the year ending 28th December 2013, Heron Foods Ltd reported a turnover of £249,688,954, pre-tax profits of £2,301,042 and a net worth of £26,419,497. (Source:www.riskdisk.com 09/06/2015