Entirely let to Poundstretcher Limited until 2036 (subject to options)
Open A1 retail unit with low rent of £4.99 psf
Nearby occupiers include Lloyds Pharmacy, Aldi, Hull Go Karting and the newly
developed KC Lightstream Stadium
Large site of approximately 0.886 hectares (2.187 acres) with parking for some 130 cars
Lot 50
Auction 11th December 2014
Rent £72,000 per Annum Exclusive
Status Sold
Price £675,000
Sector Retail Warehouse
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
40 miles south-east of York
55 miles east of Leeds
65 miles north-east of Sheffield
Roads
A165, A63, A1003, A15, M180, M62
Rail
Kingston-Upon-Hull Railway Station
Air
Humberside, Leeds International
Situation
The property is situated to the east of Hull City Centre on the southern side of Preston Road, adjacent to the newly developed KC Lightstream Stadium, home to the Hull Kingston Rovers. Other nearby occupiers include Lloyds Pharmacy, Aldi and Hull Go Karting
Tenure
Freehold.
Location
Miles
40 miles south-east of York
55 miles east of Leeds
65 miles north-east of Sheffield
Roads
A165, A63, A1003, A15, M180, M62
Rail
Kingston-Upon-Hull Railway Station
Air
Humberside, Leeds International
Situation
The property is situated to the east of Hull City Centre on the southern side of Preston Road, adjacent to the newly developed KC Lightstream Stadium, home to the Hull Kingston Rovers. Other nearby occupiers include Lloyds Pharmacy, Aldi and Hull Go Karting
Tenure
Freehold.
Description
The property, a former supermarket, comprises a standalone purpose built unit with open A1 retail consent. The property benefits from a large site area of approximately 0.886 hectares (2.187 acres) providing some 130 car parking spaces.
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, a former supermarket, comprises a standalone purpose built unit with open A1 retail consent. The property benefits from a large site area of approximately 0.886 hectares (2.187 acres) providing some 130 car parking spaces.
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
Review
Ground
Retail Warehouse
1,339.00 sq m
(14,415 sq ft)
POUNDSTRETCHER LIMITED (1)
23 years 5 months from 01/11/2012 until 13/04/2036 on a full repairing and insuring lease (2)
£72,000
14/04/2018, 14/04/2021 and five yearly thereafter
Totals
1,339.00 sq m
(14,415 sq ft)
£72,000
(1) Poundstretcher was established in 1981 and is the UK’s leading discount retailer of products for the home, with more than 400 retail stores across Britain. (Source: www.poundstretcher.co.uk 29/10/2014). (2)The lease provides options to determine on 13/04/2018 and 13/04/2026 which are personal to the current tenant only.
