459 Endike Lane Kingston Upon Hull HU6 8AG

459 Endike Lane
Kingston Upon Hull
HU6 8AG

Freehold Retail Investment

  • Let to Heron Foods Ltd on a new 17.5 year lease (10 year option to renew) from completion
  • Heron Foods Ltd was incorporated in 1978 and has reported profits for the last 26 years
  • Residential area close to the University of Hull
  • Guaranteed rental increases with rent reviews linked to Consumer Price Index (CPI) (subject to a minimum of 1% and a maximum of 3%)
  • Nearby occupiers include Cooplands Bakery, Coral Bookmakers, Boots the Pharmacy and McColl’s
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    23
  • Auction
    9th July 2015
  • Rent
    £45,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Heron Foods
Important Update
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to Heron Foods Ltd on a new 17.5 year lease (10 year option to renew) from completion
  • Heron Foods Ltd was incorporated in 1978 and has reported profits for the last 26 years
  • Residential area close to the University of Hull
  • Guaranteed rental increases with rent reviews linked to Consumer Price Index (CPI) (subject to a minimum of 1% and a maximum of 3%)
  • Nearby occupiers include Cooplands Bakery, Coral Bookmakers, Boots the Pharmacy and McColl’s
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 23
  • Auction 9th July 2015
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • 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

Property Documents

  • Catalogue Page
    Updated Date
    16.06.15
    File Size
    598 KB
    View PDF
  • Site Plan
    Updated Date
    16.06.15
    File Size
    62 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Andrew Jackson Solicitors Marina Court, Castle Street
Hull
East Yorkshire
HU1 1TJ
Adrian West 01482 601394adrian.west@andrewjackson.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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