15 Savile Street
Kingston-upon-Hull
East Riding of Yorkshire
HU1 3EF

Virtual Freehold Retail Investment

  • 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
    11/Jul/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
Important Auction & Property Update
  • 15 Savile Street<br>Kingston-upon-Hull<br>East Riding of Yorkshire<br>HU1 3EF
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

FloorUse
Floor Areas (Approx)
TenantTermRent p.a.xReview/
(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.

Property Documents

  • Catalogue Page
    Updated Date
    19.06.19
    File Size
    702 KB
    View PDF
  • Site Plan
    Updated Date
    19.06.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    15.08.19
    File Size
    144 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Dwyers Solicitors 176 Stamford Street
Ashton-under-Lyne
OL6 7LR
Michael Rose 0161 308 3928michaelrose@dwyers.net

Useful Links

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