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
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • 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

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.

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

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.

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).

Property Documents

  • Catalogue Page
    Updated Date
    08.11.19
    File Size
    892 KB
    View PDF
  • Site Plan
    Updated Date
    08.11.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT
029 2046 4347
Rachel White 029 2047 7387RachelWhite@eversheds-sutherland.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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