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).