70b High Street Holme-on-Spalding Moor East Riding of Yorkshire YO43 4AA

70b High Street
Holme-on-Spalding Moor
East Riding of Yorkshire
YO43 4AA

Freehold Retail Investment

Let to Martin McColl Ltd on a 15 year lease until 2021
Central Village Location
Nearby occupiers include HSBC Bank, The Post Office and a variety of Local traders
Six Week Completion

Lot
49
Auction
27th March 2014
Rent
£22,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let to Martin McColl Ltd on a 15 year lease until 2021
Central Village Location
Nearby occupiers include HSBC Bank, The Post Office and a variety of Local traders
Six Week Completion

Lot 49
Auction 27th March 2014
Rent £22,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 22 miles south-east of York; 23 miles north-west of Hull; 44 miles east of Leeds
Roads: A614, A63, M62
Rail: Howden Railway Station (7 miles)
Air: Robin Hood Doncaster Airport (32 miles), Leeds Bradford International Airport (50 miles)

Situation

Holme-on-Spalding Moor is an attractive 13th century village located in the Vale of York, between York and Hull. The property is situated in the centre of the village, on the south side of the High Street near the junction with Old Road. Neighbouring occupiers include HSBC Bank, The Post Office, a number of public houses as well as local restaurants and traders.

Tenure

Freehold.

Location

Miles: 22 miles south-east of York; 23 miles north-west of Hull; 44 miles east of Leeds
Roads: A614, A63, M62
Rail: Howden Railway Station (7 miles)
Air: Robin Hood Doncaster Airport (32 miles), Leeds Bradford International Airport (50 miles)

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with part first floor ancillary and staff accommodation to the rear. There is also a self-contained flat to the first floor with separate access from the front which has been sold off on a long lease. The property also benefits from a small yard to the rear.

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site.

EPC

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

Description

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site.

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 First	Retail Ancillary	223.57 sq m 37.60 sq m	(2,410 sq ft) (405 sq ft)	MARTIN McCOLL LTD (1)	15 years from 20/11/2006 until 20/11/2021 on a full internal repairing and insuring lease	£22,000	20/11/2016
First	Residential	Not measured			999 years from 01/04/1999	Peppercorn	01/04/2998
Totals		261.17 sq m	(2,815 sq ft)			£22,000

(1) McColl’s Retail Group is the leading neighbourhood retailer in the Independent managed sector running 1,277 convenience and newsagent stores across the UK, with 715 branded as McColl’s convenience stores. (Source: martinmccoll.co.uk 26/02/2014)
For the year ending 25/11/2012, Martin McColl Ltd reported a turnover of £409,154,000, pre-tax profits of £19,671,000 and a total net worth of £115,863,000. (Source: www.riskdisk.com 25/02/2014)