3 Finkle Street Cottingham East Riding of Yorkshire HU16 4AX

3 Finkle Street
Cottingham
East Riding of Yorkshire
HU16 4AX

  • 3 Finkle Street<br>Cottingham<br>East Riding of Yorkshire<br>HU16 4AX

Freehold Post Office and Commercial Investment

  • Let to two tenants trading as Cottingham Post Office and UK Event Medical Services Limited (t/a UKEMS)
  • Renewed 10 year Post Office lease from March 2022 (subject to option)
  • New 6 year lease to UKEMS from December 2021 (subject to option)
  • Includes parking for about 14 cars
  • Change of Use Potential to Residential (subject to leases & consents)
  • Town Centre location with nearby retailers including Boots the Chemist, Costa and Holland & Barrett
  • Lot
    30
  • Auction
    12/Jul/2022
  • Rent
    £40,500 per Annum Exclusive
  • Status
    Available
  • Price*
    £460,000 - £480,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On the Instructions of Telereal Trillium
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
4 miles north of Kingston upon Hull, 5 miles south of Beverley, 33 miles east of York
Roads
A164, A1079, A63
Rail
Cottingham Railway Station
Air
Leeds/Bradford Airport
Situation

Cottingham is reputedly England's largest village approximately 4 miles north-west of Kingston upon Hull.
The property is situated on Finkle Street, a prominent position in the town centre directly opposite the village green which provides convenient car parking. The surrounding area is primarily residential with other nearby retailers including Boots the Chemist, Costa and Holland & Barrett.

Tenure

Freehold.

Location
Miles
4 miles north of Kingston upon Hull, 5 miles south of Beverley, 33 miles east of York
Roads
A164, A1079, A63
Rail
Cottingham Railway Station
Air
Leeds/Bradford Airport
Situation

Cottingham is reputedly England's largest village approximately 4 miles north-west of Kingston upon Hull.
The property is situated on Finkle Street, a prominent position in the town centre directly opposite the village green which provides convenient car parking. The surrounding area is primarily residential with other nearby retailers including Boots the Chemist, Costa and Holland & Barrett.

Tenure

Freehold.

Description

The property comprises a Post Office arranged on the ground floor only and a former Royal Mail Sorting Office arranged on the ground floor. Pedestrian access is available from Finkle Street together with rear access and car parking for about 14 cars.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion - please see Special Conditions of Sale

EPC

See legal pack.

Description

The property comprises a Post Office arranged on the ground floor only and a former Royal Mail Sorting Office arranged on the ground floor. Pedestrian access is available from Finkle Street together with rear access and car parking for about 14 cars.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion - please see Special Conditions of Sale

EPC

See legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (GIA)
Approx sq m
Floor Areas (GIA)
Approx sq ft
Tenant Term Rent p.a.x. Rent Review
Ground Post Office
102.57
(1,104)
G.MITCHELL
(t/a Cottingham Post Office)
Approx. 10 years from 21/03/2022 expiring on 31/03/2032 (1)
£16,500
01/04/2027 to RPI
Ground Former Sorting Office
207.92
(2,238)
UK EVENT MEDICAL SERVICES LIMITED (2)
(t/a UKEMS)
6 years from 23/12/2021 (3)
£24,000
23/12/2024
Total  
310.49
(3,342)
   
£40,500
 

(1) The lease is subject to a mutual option to determine on 21/03/2027. Please note this lease renewal is agreed but not yet completed.
(2) UK Event Medical Services is recognised as one of the UK’s leading provider of private ambulance services and healthcare logistics. The seller holds a rent deposit of £6,125. (www.ukeventmedical.uk)
(3) The lease is subject to a tenant option to determine on 22/12/2024 and is contracted outside the provisions of the Landlord & Tenant Act 1954. The tenant benefits from paying half rent for the first 12 months. The Seller will make an allowance from completion of the sale until the expiry of the concessionary rental period - please see Special Conditions of sale.

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    29.06.22
    File Size
    20 MB
    Login to View
  • Brochure
    Updated Date
    22.06.22
    File Size
    4 MB
    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
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Shoosmiths LLP 1 Bow Churchyard
London
EC4M 9DQ
Liam Phillips 0207 205 7036 liam.phillips@shoosmiths.co.uk

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now