Industrial Ground Lease 2 Crowle Street, Hull, East Riding Of Yorkshire, HU9 1RH

PROPERTY AUCTIONS / Tuesday 3rd September 2019

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Lot 9

COMMERCIAL INVESTMENT, GROUND RENT INVESTMENT

Sold for £276,000

Industrial ground rent - £15,150pa
Freehold subject to 99 year lease from April 1977
Site of 0.41ha (1.01acre)
10 year rent reviews - last in June 2017

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Brochure Catalogue Auction Finance

Industrial ground rent. 99 years from 21st April 1977 at £15,150pa

On instructions from NPS acting on behalf of Hull City Council.

Location
The property is located just over a mile to the east of Hull City centre at the junction with Wyke Street and Crowle Street.

The Site
The land is identified by the adjoining plan and amounts to approximately 0.41 ha (1.01 acre)

Lease Terms
The property is freehold subject to a 99 year lease dated 21st June 1989 but from 21st April 1977 at an annual ground rent of £15,150 last reviewed in June 2017

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