Let to Hull Super League Ltd until 2028 (subject to option)
Rent reviewed to higher of Open Market Rental Value or in line with Retail Price Index (RPI)
Nearby occupiers include Holland & Barrett, Barclays Bank, Tesco Express, Costa Coffee and Caffè Nero
Lot 21
Auction 11th July 2019
Rent £15,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
38 miles south-east of York
58 miles east of Leeds
Roads
A63, A165
Rail
Hull Railway Station
Air
Doncaster/Sheffield Robin Hood Airport
Situation
The property is situated in the heart of Hull city centre on the west side of Savile Street, 75 metres from Queen Victoria Square and a short distance from the Princes Quay Shopping Centre with occupiers including Primark,
Ask Italian, Nando's, Pizza Express, Superdrug and Vue Cinema. Nearby occupiers in King Edward Street include EE, Barclays Bank, Tesco Express, Costa Coffee and Caffè Nero.
Tenure
Virtual Freehold. Virtual Freehold. Held for a term of 999 years from 21/01/2010.
Location
Miles
38 miles south-east of York
58 miles east of Leeds
Roads
A63, A165
Rail
Hull Railway Station
Air
Doncaster/Sheffield Robin Hood Airport
Situation
The property is situated in the heart of Hull city centre on the west side of Savile Street, 75 metres from Queen Victoria Square and a short distance from the Princes Quay Shopping Centre with occupiers including Primark,
Ask Italian, Nando's, Pizza Express, Superdrug and Vue Cinema. Nearby occupiers in King Edward Street include EE, Barclays Bank, Tesco Express, Costa Coffee and Caffè Nero.
Tenure
Virtual Freehold. Virtual Freehold. Held for a term of 999 years from 21/01/2010.
Description
The property comprises ground floor retail accommodation with basement ancillary accommodation and forms part of a larger building.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises ground floor retail accommodation with basement ancillary accommodation and forms part of a larger building.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground Basement
Retail Ancillary
148.64 sq m 120.77 sq m
(1,600 sq ft) (1,300 sq ft)
HULL SUPER LEAGUE LTD (1)
10 years from 18/10/2018 (2)
£15,000 (3)
18/10/2023 (17/10/2028)
Totals
269.41 sq m
(2,900 sq ft)
£15,000 (3)
(1) The tenant relocated from 17 Savile Street. Hull Super League was incorporated in 1998 and is the official merchandise store for the professional rugby league football club Hull FC, more information at www.hullfc.com. (2) The lease provides for a tenant option to determine on 18/10/2023 subject to 6 months' notice and a £5,000 penalty. (3) There is a rent review in the 5th year at higher of Open Market Value or Retail Price Index.