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Lot 14
INDUSTRIAL, COMMERCIAL INVESTMENT
Guide Price: £300,000 Plus*
Substantial inner terrace with accommodation over 5 levels, located in the heart of Hull City centre. The Ground floor and basement are let to Subway by way of a 1954 Act full repairing & insuring lease which expired in 2017. Passing rent is £46,200pa First floor is let to a War Gaming society on a 3 year internal repairing & insuring lease which expired in December 2018 at £1,500pa Upper floor are vacant offering further potential
On instructions from NPS acting on behalf of Hull City Council
Description
An imposing inner terrace property located in the heart of Hull City centre close to the junction of King Edward Street and Jameson Street.
Accommodation
The accommodation extends over five levels including basement storage
Lease Terms
Ground floor and basement are let to Subway by way of a 1954 Act full repairing & insuring lease which expired in 2017. Passing rent is £46,200pa A new 15 year lease is being negotiated at £26,000pa with 5 year rent reviews
The First floor is let to a War Gaming society on a 3 year internal repairing & insuring lease which expired in December 2018 at £1,500pa
Second, third & fourth floors are vacant
Rating Assessment
Ground Floor and basement - RV £20,000
External inspection only
* Indicates the form field needs to be filled in by you
Speed and certainty at a competitive price!
Adrian Little
FRICS
FNAVA
Senior Partner & Auctioneer
adrian@markjenkinson.co.uk
Or call: 0114 276 0151
