of

36 Ferensway, Cherry Court, 1 Portland Place, Hull, East Riding Of Yorkshire, HU2 8AJ

  • Freehold reversion to a modern City Centre office building
  • Let for 125 years from October 1991 at nil rent (96 years remaining)
  • Site are of 0.32 ha (0.79 acre)
  • Change of planning use granted from Offices to Residential (C3)
  • Planning permission granted in 2018 for 48 flats

This property is for sale by our Online Auction on Tuesday 9th June 2020. Bidders will have to register in advance and you are directed to our website for further details - www.markjenkinson.co.uk

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

Loction

The site is located at the junction of Fernsway and Portland Place and backs onto Lombard Street and Portland Street

The Site

The land is identified by the adjoining plan and amounts to approximately 0.32 ha (0.79 acre)

Lease terms
The property is freehold subject to a 125 year lease dated 17th October 1991 to Mapperley Ltd at a nil rent

Planning

The current use for the building is as offices but the Leaseholders have obtained planning permission for change of use under Permitted Development Rights to C3 including 48 flats - ref 17/01258/PCOU, dated 16th February 2018.

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