Forms part of an established and busy shopping precinct
Nearby occupiers include Heron Foods and Lloyds Pharmacy
Lot 31
Auction 18th May 2022
Rent Gross: £6,120 per Annum Exclusive
Status Sold
Price £69,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
4 miles north of Hull City Centre
Roads
A1033, A63, M62, M180
Rail
Cottingham Train Station
Air
Humberside Airport
Situation
Grampian Shopping Centre is in North Bransholme, on the northern outskirts of the City of Hull, some four miles from the City Centre. The property is located within the purpose built neighborhood shopping complex located on the corner of Lothian Way / Grampian Way, serving a large housing estate, with a Community Centre, Medical Centre and School nearby. Nearby occupiers include Heron Foods and Lloyds Pharmacy.
Tenure
Leasehold. Held for a term of years expiring on 21/10/2110 at a peppercorn rent.
Location
Miles
4 miles north of Hull City Centre
Roads
A1033, A63, M62, M180
Rail
Cottingham Train Station
Air
Humberside Airport
Situation
Grampian Shopping Centre is in North Bransholme, on the northern outskirts of the City of Hull, some four miles from the City Centre. The property is located within the purpose built neighborhood shopping complex located on the corner of Lothian Way / Grampian Way, serving a large housing estate, with a Community Centre, Medical Centre and School nearby. Nearby occupiers include Heron Foods and Lloyds Pharmacy.
Tenure
Leasehold. Held for a term of years expiring on 21/10/2110 at a peppercorn rent.
Description
The property comprises a ground floor bakery with ancillary accommodation. The area benefits from a free public car park servicing the precinct.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
6 week completion.
EPC
See legal pack.
Description
The property comprises a ground floor bakery with ancillary accommodation. The area benefits from a free public car park servicing the precinct.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
6 week completion.
EPC
See legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground
Retail/Ancillary
71.72 sq m
(772 sq ft)
COOPLAND & SON (SCARBOROUGH) LIMITED (t/a Cooplands)
5 years from 30/03/2018 until 29/03/2023
£6,120
Total
71.72 sq m
(772 sq ft)
£6,120
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.