Tenant previously occupying by way of an assignment (2)
Prominent corner position on the pedestrianized Queen Victoria Square in Hull City Centre
Attractive Grade II Listed building
Nearby occupiers include Marks & Spencer, New Look, Primark and McDonald’s
VAT free investment
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 25
Auction 11th February 2016
Rent
Status Sold
Price £440,000
Sector High Street Retail
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
9 miles south-east of Beverley, 60 miles east of Leeds
Roads
A165, A63
Rail
Hull Railway Station
Air
Robin Hood (Doncaster Sheffield) Airport
Situation
The property is situated in the heart of Hull City Centre on the north side of the pedestrianised Queen Victoria Square which links Whitefriargate, King Edward Street and Paragon Street. The Princes Key Shopping Centre is close by and nearby occupiers include Marks & Spencer, New Look, Primark and McDonald’s.
Tenure
Freehold.
Location
Miles
9 miles south-east of Beverley, 60 miles east of Leeds
Roads
A165, A63
Rail
Hull Railway Station
Air
Robin Hood (Doncaster Sheffield) Airport
Situation
The property is situated in the heart of Hull City Centre on the north side of the pedestrianised Queen Victoria Square which links Whitefriargate, King Edward Street and Paragon Street. The Princes Key Shopping Centre is close by and nearby occupiers include Marks & Spencer, New Look, Primark and McDonald’s.
Tenure
Freehold.
Description
The property, an attractive Grade II Listed building, comprises ground floor retail accommodation with ancillary accommodation on the first, second and third floors. The upper parts are accessed both internally and through a separate access fronting Savile Street.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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, an attractive Grade II Listed building, comprises ground floor retail accommodation with ancillary accommodation on the first, second and third floors. The upper parts are accessed both internally and through a separate access fronting Savile Street.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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.
5 years from 01/09/2015 on a full repairing and insuring lease
£30,000
31/08/2020
Totals
446.60 sq m
(5,023 sq ft)
£30,000
(1) For the year ending 31st May 2014, Nero Holdings Limited reported a turnover of £215,496,000, pre-tax profits of £22,538,000 and a total net worth of £144,677,000. (Source: www.riskdisk.com 13/01/2016) (2) This is understood to be by way of assignment although the solicitors have not had sight of any documentation.