261 Holderness Road, Hull, East Riding Of Yorkshire, HU8 8TD

Lot 20

COMMERCIAL INVESTMENT, SHOP

Sold for £60,000

  • Freehold Inner terrace sales shop
  • High profile main road position
  • Let on a 5 year FRI lease from June 2018
  • Initial rent £4,000 pa rising to £9,000 on second anniversary
  • Used as a community centre with ancillary café & leisure
  • Approximately 130sq (1398sqft) over 3 levels
  • Potential for a variety of uses (STP)
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Property Details

Three storey inner terrace sales shop let for 5yrs from June 2018 at £4,000 rising to £9,000

On instruction from NPS acting with Hull City Council

Ground Floor - 62.17sqm (669sqft)

First Floor - 35.37sqm (381sqft)

Second Floor - 32.15sqm (346sqft)

Rating Assessment
The property has a rateable value of £5,800

Tenure
Freehold

Lease Details
The property is let on a 5 year FRI Lease from 8th June 2018 to a local not for profit community economic development organisation. The initial rent of £4,000pa rises to £9,000 on the second anniversary and is excluded from sections 24-28 of the Landlords and Tenant Act 1954


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Adrian Little
FRICS
FNAVA

Senior Partner & Auctioneer
adrian@markjenkinson.co.uk

Or call: 0114 276 0151