Nearby occupiers include House of Fraser, HSBC, McDonald’s and Lloyds Bank
Close proximity to Prospect Shopping Centre
Six Week Completion
Lot 21
Auction 13th February 2014
Rent £47,500 per Annum Exclusive
Status Sold Prior
Price
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
37 miles south-east of York, 55 miles east of Leeds, 62 miles north-east of Sheffield
Roads
A1079, A63, A165
Rail
Hull Railway Station
Air
Humberside Airport
Situation
Kingston Upon Hull was recently awarded the City of Culture for 2017, is a major regional commercial centre as well as a popular University City. The property is situated in a prominent corner position at the junction of Paragon Street and Chapel Street in then heart of the city centre, close to the prime pedestrianised Jameson Street. The property benefits from being situated equidistant between the major Prospect Shopping Centre and Princes Quay Shopping Centre. Neighbouring occupiers include House of Fraser, HSBC, McDonald’s and Lloyds Bank.
Tenure
Freehold.
Location
Miles
37 miles south-east of York, 55 miles east of Leeds, 62 miles north-east of Sheffield
Roads
A1079, A63, A165
Rail
Hull Railway Station
Air
Humberside Airport
Situation
Kingston Upon Hull was recently awarded the City of Culture for 2017, is a major regional commercial centre as well as a popular University City. The property is situated in a prominent corner position at the junction of Paragon Street and Chapel Street in then heart of the city centre, close to the prime pedestrianised Jameson Street. The property benefits from being situated equidistant between the major Prospect Shopping Centre and Princes Quay Shopping Centre. Neighbouring occupiers include House of Fraser, HSBC, McDonald’s and Lloyds Bank.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Viewings
There will only be one viewing date for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Tel: +44 (0)20 7034 4858. Email: will.moore@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Viewings
There will only be one viewing date for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Tel: +44 (0)20 7034 4858. Email: will.moore@acuitus.co.uk
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/(Reversion)
Ground First Second
Banking Hall Office/Ancillary Office/Ancillary
147.71 sq m 91.04 sq m 107.76 sq m
(1,590 sq ft) (980 sq ft) (1,160 sq ft)
SANTANDER UK PLC (1) (2)
15 years from 25/12/2003 on a full repairing and insuring lease
£47,500
25/12/2013 (24/12/2018)
Totals
346.51 sq m
(3,730 sq ft)
£47,500
(1) For the year ending 31st December 2012, Santander UK plc reported pre-tax profits of £1,231,000,000 and a total net worth of £10,027,000,000. (Source: www.riskdisk.com 14/01/2014) (2)The tenant is not currently in occupation of the property.
