Caffe Nero, 37-40 Savile Street (off Queen Victoria Square) Kingston-upon-Hull East Riding of Yorkshire HU1 3EA

  • Caffe Nero, 37-40 Savile Street (off Queen Victoria Square)<br>Kingston-upon-Hull<br>East Riding of Yorkshire<br>HU1 3EA

Caffe Nero, 37-40 Savile Street (off Queen Victoria Square)
Kingston-upon-Hull
East Riding of Yorkshire
HU1 3EA

Freehold Retail Investment

  • Entirely let to Nero Holdings Limited
  • Tenant previously occupying by way of an assignment (2)
  • Prominent corner position on the pedestrianized Queen Victoria Square in Hull City Centre
  • Attractive Grade II Listed building
  • Nearby occupiers include Marks & Spencer, New Look, Primark and McDonald’s
  • VAT free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    25
  • Auction
    11th February 2016
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £440,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE
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Freehold Retail Investment

  • Entirely let to Nero Holdings Limited
  • Tenant previously occupying by way of an assignment (2)
  • Prominent corner position on the pedestrianized Queen Victoria Square in Hull City Centre
  • Attractive Grade II Listed building
  • Nearby occupiers include Marks & Spencer, New Look, Primark and McDonald’s
  • VAT free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 25
  • Auction 11th February 2016
  • Rent £30,000 per Annum Exclusive
  • Status Sold
  • Price £440,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
9 miles south-east of Beverley, 60 miles east of Leeds
Roads
A165, A63
Rail
Hull Railway Station
Air
Robin Hood (Doncaster Sheffield) Airport
Situation

The property is situated in the heart of Hull City Centre on the north side of the pedestrianised Queen Victoria Square which links Whitefriargate, King Edward Street and Paragon Street. The Princes Key Shopping Centre is close by and nearby occupiers include Marks & Spencer, New Look, Primark and McDonald’s.

Tenure

Freehold.

Location
Miles
9 miles south-east of Beverley, 60 miles east of Leeds
Roads
A165, A63
Rail
Hull Railway Station
Air
Robin Hood (Doncaster Sheffield) Airport
Situation

The property is situated in the heart of Hull City Centre on the north side of the pedestrianised Queen Victoria Square which links Whitefriargate, King Edward Street and Paragon Street. The Princes Key Shopping Centre is close by and nearby occupiers include Marks & Spencer, New Look, Primark and McDonald’s.

Tenure

Freehold.

Description

The property, an attractive Grade II Listed building, comprises ground floor retail accommodation with ancillary accommodation on the first, second and third floors. The upper parts are accessed both internally and through a separate access fronting Savile Street.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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, an attractive Grade II Listed building, comprises ground floor retail accommodation with ancillary accommodation on the first, second and third floors. The upper parts are accessed both internally and through a separate access fronting Savile Street.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 Reversion
Ground
First
Second
Third 		Retail/Ancillary
Ancillary
Ancillary
Ancillary
127.90 sq m
150.40 sq m
82.60 sq m
105.70 sq m
(1,377 sq ft)
(1,619 sq ft)
(889 sq ft)
(1,138 sq ft)
 NERO
HOLDINGS
LIMITED (1) (2)		 5 years from 01/09/2015
on a full repairing and
insuring lease		 £30,000 31/08/2020
Totals  
446.60 sq m
(5,023 sq ft)
     £30,000

(1) For the year ending 31st May 2014, Nero Holdings Limited reported a turnover of £215,496,000, pre-tax profits of £22,538,000 and a total net worth of £144,677,000. (Source: www.riskdisk.com 13/01/2016)
(2) This is understood to be by way of assignment although the solicitors have not had sight of any documentation.

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Lauren Shinfield 0113 283 2500lauren.shinfield@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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