33 Lowgate Hull East Yorkshire HU1 1EA

  • 33 Lowgate<br>Hull<br>East Yorkshire<br>HU1 1EA

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
    24th May 2018
  • Rent
    £72,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Public House
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

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 24th May 2018
  • Rent £72,000 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    Public House
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

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.

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

EPC

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

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

EPC

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

Tenancy & Accommodation

Floor Use Gross Internal Floor Areas
(Approx)
Tenant Term Rent p.a.x Reviews
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
£72,000 23/07/2018 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

  • Site Plan
    Updated Date
    07.11.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    07.11.19
    File Size
    757 KB
    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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@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

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

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