Driving Test Centre Reservoir Road Hull East Yorkshire HU6 7PY

Driving Test Centre
Reservoir Road
Hull
East Yorkshire
HU6 7PY

Freehold Driving Test Centre Investment

  • Entirely let to the Secretary of State for Communities and Local Government on a 40 year lease until 2047 (subject to option)
  • Five Yearly RPI Linked Reviews
  • Established retail warehouse/trade location
  • Approximate site area of 0.96 hectares (2.38 acres)
  • On-site car parking for approximately 32 cars
  • Lot
    28
  • Auction
    23rd October 2014
  • Status
    Sold
  • Price
    £910,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
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* More information on the term "guide" can be found here

Freehold Driving Test Centre Investment

  • Entirely let to the Secretary of State for Communities and Local Government on a 40 year lease until 2047 (subject to option)
  • Five Yearly RPI Linked Reviews
  • Established retail warehouse/trade location
  • Approximate site area of 0.96 hectares (2.38 acres)
  • On-site car parking for approximately 32 cars
  • Lot 28
  • Auction 23rd October 2014
  • Status Sold
  • Price £910,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
39 miles south-east of York, 60 miles east of Leeds, 65 miles north-east of Sheffield
Roads
A1165, A63, A15, M180, M62
Rail
Kingston-Upon-Hull Railway Station, Cottingham Railway
Station
Air
Humberside (30 min) Leeds (1 hr 30 min)
Situation

The property is situated within an established retail warehouse/ trade and industrial area just off Clough Road, 2 miles north of Hull City Centre and easily accessible from the A1165. Nearby occupiers along Clough Road include Halfords, PC World and Currys.

Tenure

Freehold.

Location
Miles
39 miles south-east of York, 60 miles east of Leeds, 65 miles north-east of Sheffield
Roads
A1165, A63, A15, M180, M62
Rail
Kingston-Upon-Hull Railway Station, Cottingham Railway
Station
Air
Humberside (30 min) Leeds (1 hr 30 min)
Situation

The property is situated within an established retail warehouse/ trade and industrial area just off Clough Road, 2 miles north of Hull City Centre and easily accessible from the A1165. Nearby occupiers along Clough Road include Halfords, PC World and Currys.

Tenure

Freehold.

Description

The property comprises a single-storey office unit and large hardstanding driving practice area used as a driving test centre for motorbike, taxi and car driving assessments. The property benefits from an approximate site area 0.96 hectares (2.38 acres) including parking for approximately 32 cars.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a single-storey office unit and large hardstanding driving practice area used as a driving test centre for motorbike, taxi and car driving assessments. The property benefits from an approximate site area 0.96 hectares (2.38 acres) including parking for approximately 32 cars.

Six Week Completion

VAT

VAT is 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 Driving
Test
Centre
149.85 sq m
(1,613 sq ft)
SECRETARY OF STATE FOR COMMUNITIES
AND LOCAL
GOVERNMENT
40 years from 05/07/2007 until 04/07/2047 on a full repairing and insuring lease (1) (2) £111,977 05/07/2007 and 5 yearly
Totals  
149.85 sq m
(1,613 sq ft)
    £111,977  

(1) The lease provides five yearly upward only rent reviews to the higher of uncapped annually compounded RPI or OMRV.
(2)The lease provides a tenant’s option to break on the fifteenth and twenty-fifth anniversary of the term. The tenant is not currently occupying the premises but intend to reoccupy. Please refer to the legal pack.

Property Documents

  • Site Plan
    Updated Date
    30.09.14
    File Size
    62 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.09.14
    File Size
    708 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
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Associate Auctioneers
DTZ Central Square, Forth Street
Newcastle upon Tyne
NE1 3PJ
Peter Atkinson 0191 223 5715peter.atkinson@dtz.com
Seller's Solicitors
Pinsent Masons LLP 1 Park Row
Leeds
LS1 5AB
Claire Burns 0113 294 5218 claire.burns@pinsentmasons.com

Useful Links

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

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