33 Lowgate
Hull
East Yorkshire
HU1 1EA

Substantial Freehold Leisure Investment

  • Lease expires July 2038 (no breaks)
  • Approximately 13,948 sq ft GIA
  • Future Change of Use and redevelopment potential (subject to lease and consents)
  • Located in the heart of Hull's destination leisure district
  • Lot
    76
  • Auction
    24/May/2018
  • Rent
    £72,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Public House
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 33 Lowgate<br>Hull<br>East Yorkshire<br>HU1 1EA
  • Expand
  • Photos
  • Map

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 eastern side of Lowgate, at its junction with Bishop Lane, in the heart of Hull's destination leisure district. Nearby occupiers include Yates’ Bar, Garbo’s Bar & Restaurant, Jazz Café Bar and a number of independent bar and pub operators.

Tenure

Freehold.

Description

The property comprises two interconnecting buildings to provide a ground and first floor bar, with ancillary accommodation on basement, second and third floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Bidder'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 advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseGross Internal Floor Areas
(Approx)
TenantTermRent p.a.xReviews
Ground
Basement
First
Second
Third
Bar/Ancillary
Ancillary
Bar/Ancillary
Ancillary
Ancillary
485.61 sq m
70.89 sq m
315.87 sq m
296.08 sq m
127.37 sq m
(5,227 sq ft)
(763 sq ft)
(3,400 sq ft)
(3,187 sq ft)
(1,371 sq ft)
HPL PROPERTIES
NO 3 LIMITED
t/a Rift Bar (1)
35 years from 23/07/2003 until 22/07/2038
on a full repairing and insuring lease
£72,00023/07/2018 and
five yearly thereafter
Total
1,295.82 sq m
(13,948 sq ft)
£72,000

(1) Rift Bars operate from three other locations in Preston, Cleethorpes and Scunthorpe (Source: www.riftbar.co.uk 11/04/2018).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    16.05.18
    File Size
    28 MB
    Login to View
  • Site Plan
    Updated Date
    02.05.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    757 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Associate Auctioneers
Heywood & Partners 1 Cavendish Place
London
W1G 0QF
0207 409 2519
Bradley Lewis 0207 493 6010bml@heywood-p.co.uk
Seller's Solicitors
Jeffries Solicitors 3rd Floor Dencora Court, Tylers Avenue
Southend on Sea
SS1 2BB
Amelia Hayes 01702 332 311ajh@jefferieslaw.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now