292 / 294 Hessle Road Kingston-upon-Hull East Yorkshire HU3 3EA

292 / 294 Hessle Road
Kingston-upon-Hull
East Yorkshire
HU3 3EA

Freehold Retail Investment

Entirely let to Coopland & Son (Scarborough) Limited on a lease expiring in 2022
Residential development potential (subject to consents)
Nearby occupiers include Heron Foods, Barclays Bank, Yorkshire Bank, Sainsbury’s Local, Post Office and William Hill

Lot
55
Auction
28th March 2018
Rent
£23,000 per Annum Exclusive
Status
Sold
Price
£205,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund Manager

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Freehold Retail Investment

Entirely let to Coopland & Son (Scarborough) Limited on a lease expiring in 2022
Residential development potential (subject to consents)
Nearby occupiers include Heron Foods, Barclays Bank, Yorkshire Bank, Sainsbury’s Local, Post Office and William Hill

Lot 55
Auction 28th March 2018
Rent £23,000 per Annum Exclusive
Status Sold
Price £205,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund Manager

Property Information

Location

Miles: 38 miles south-east of York, 58 miles east of Leeds
Roads: A63, A1079
Rail: Hull Railway Station
Air: Doncaster/Sheffield Robin Hood Airport

Situation

The property is situated on the north side of Hessle Road, a popular and busy local retail parade approximately 1.5 miles west of Hull Paragon Rail Station. Nearby occupiers include Heron Foods, Barclays Bank, Yorkshire Bank, Sainsbury’s Local, Post Office and William Hill.

Tenure

Freehold.

Location

Miles: 38 miles south-east of York, 58 miles east of Leeds
Roads: A63, A1079
Rail: Hull Railway Station
Air: Doncaster/Sheffield Robin Hood Airport

Situation

Tenure

Freehold.

Description

The property comprises two self-contained ground floor retail units with interconnecting ancillary accommodation on first and second floors. The tenant does not currently occupy the ground floor unit known as 292 Hessle Road.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
294 Hessle Road 292 Hessle Road (Not in occupation)	Ground First Second Ground	Retail Ancillary Ancillary Retail	113.62 sq m 68.90 sq m Not measured 109.91 sq m	(1,222 sq ft) (741 sq ft) (1,183 sq ft)	COOPLAND & SON (SCARBOROUGH) LIMITED t/a Cooplands Bakery (1)	15 years (less 1 day) from 03/06/2007 on full repairing and insuring lease	£23,000	02/06/2022
Total			292.43 sq m	(3,146 sq ft)			£23,000

(1) For the year ending 31 March 2017, Coopland & Son (Scarborough) Limited reported a turnover of £44,297,361, pre-tax profits of £542,127 and a total net worth of £12,149,586 (Source: Experian Group 28/02). Cooplands have been selling and producing high quality products for over 130 years and now have over 130 shops and 11 cafés all over Yorkshire, Lincolnshire and the North East (Source: cooplands-bakery.co.uk 28/02/2018).