84/86 Paragon Street
Kingston-upon-Hull
East Yorkshire
HU1 3QA

City Centre Supermarket Investment

  • Let to Heron Foods Limited
  • 10 year lease from June 2013
  • Approximately 3,690 sq ft
  • Nearby occupiers include the adjoining TSB Bank as well as Sainsbury’s Local and branches of HSBC and Lloyds banks
  • Prominent corner position
  • Lot
    29
  • Auction
    18/Oct/2018
  • Rent
    £39,751 per Annum Exclusive
  • Status
    Sold
  • Price*
    £405,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 84/86 Paragon Street<br>Kingston-upon-Hull<br>East Yorkshire<br>HU1 3QA
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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 occupies a prominent corner location fronting Paragon Street and South Street and close to Jameson Street, in the heart of Hull city centre. Nearby occupiers include the adjoining TSB Bank, as well as Sainsbury’s Local and branches of HSBC and Lloyds banks. Prospect Shopping Centre is a short walk away, with retailers including WHSmith, Wilko, Iceland and Boots the Chemist, as well as providing car parking for approximately 250 cars. St. Stephens Shopping Centre, as well as Hull’s main railway and bus terminals, are close by.

Tenure

Freehold. Held for a term of 999 years from 31/05/2018 at a peppercorn rent.

Description

The property comprises a ground floor supermarket with additional basement ancillary accommodation, forming part of a larger building.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
Ground

Basement
Supermarket/
Ancillary
Ancillary
221.00 sq m

121.80 sq m
(2,379 sq ft)

(1,311 sq ft)
HERON
FOODS
LIMITED (1)
10 years from 01/06/2013 until
31/05/2023 on a full repairing and
insuring lease
£39,751
Total
342.80 sq m
(3,690 sq ft)  £39,751

(1) Heron Foods Limited was incorporated in 1978 and operates from some 250 outlets nationwide. For the year ending 31st December 2016, Heron Foods Limited reported a turnover of £274,440,000, pre-tax profits of £8,727,000 and a total net worth of £34,544,000 (Sources: www.heronfoods.com and Experian Group 19/09/2018).

Property Documents

  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    841 KB
    View PDF
  • Site Plan
    Updated Date
    26.09.18
    File Size
    2 MB
    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
Seller's Solicitors
Freemans Solicitors 22 Upper Woburn Place
London
WC1H 0HW
Howard Freeman 020 7935 3522hf@freemanssolicitors.net

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