Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Heron Foods
Property Information
Location
Miles
13 miles south-east of Beverley, 9 miles east of Kingston-upon-Hull
Roads
A1033, A165, A63
Rail
Kingston-upon-Hull Railway Station
Air
Leeds Bradford International Airport
Situation
The property is situated on the east side of St. Augustine’s Gate close to Market Place in the centre of Hedon, a busy and attractive market town. Neighbouring occupiers include Lloyds TSB, Boots the Chemist and The Post Office as well as a range of local and regional representation.
Tenure
Freehold.
Location
Miles
13 miles south-east of Beverley, 9 miles east of Kingston-upon-Hull
Roads
A1033, A165, A63
Rail
Kingston-upon-Hull Railway Station
Air
Leeds Bradford International Airport
Situation
The property is situated on the east side of St. Augustine’s Gate close to Market Place in the centre of Hedon, a busy and attractive market town. Neighbouring occupiers include Lloyds TSB, Boots the Chemist and The Post Office as well as a range of local and regional representation.
Tenure
Freehold.
Description
The property comprises recently expanded and refurbished retail accommodation on the ground floor, with ancillary accommodation set on the first floor.
Six Week Completion
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 recently expanded and refurbished retail accommodation on the ground floor, with ancillary accommodation set on the first floor.
Six Week Completion
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 First
Retail Ancillary
285.87 sq m 93.88 sq m
(3,077 sq ft) (1,010 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
379.75 sq m
(4,087 sq ft)
£45,000
(1) Heron Foods Ltd was incorporated in 1978 and operates from some 235 outlets nationally. In some 45 years of trading, Heron Foods Ltd have always reported annual profits. For the year ending 28/12/2013, 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 24/02/2015).
