Call the team on 0845 400 9900 for more information
A MODERN RETAIL INVESTMENT PRODUCING £15,000pa INCOME.
***STILL AVAILABLE CONTACT US FOR FURTHER DETAILS*** This retail investment property comprises a sales unit within a modern purpose built neighbourhood shopping complex serving a large housing estate. The premises have traded as a hot food takeaway for many years. Operators in the block include Heron Foods, Ladbrookes, Lloyds Pharmacy and Couplands bakery as well as other food outlets and a supermarket. The property is let on a lease until July 2031 at a current rental of £15,000 per annum (5 yearly reviews), the tenant having an option to renew the lease until 2045.
Tenure
Long leasehold. 92 years remaining at a peppercorn rent.
Situation
Grampian shopping centre is in North Bransholme, on the northern outskirts of the city of Hull, some 4 miles from the centre. It is surrounded by a large area of housing, and a customers car park is provided for the complex.
Accommodation
Retail Area Approx 540 sq ft / 50 sq m Preparation/Kitchen Approx 300 sq ft / 28 sq m Preparation/Store Approx 295 sq ft / 27 sq m Loading area/Store with freezer 2 WC's
Viewing
Strictly by appointment with the Auction House office 01482 866844
VAT
The property is registered for VAT therefore VAT applies to the purchase price.
Joint Agent
Dee Atkinson & Harrison 11 Market Place Beverley HU17 8BB Tel: 01482 866844
Energy Efficiency Rating (EPC)
Current Rating TBC
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Local Authority
Hull City Council
Solicitors
Graham & Rosen, 8 Parliament Street, Hull, HU1 2BB, Ref: Birgul Onay, Tel: 01482 323123
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £600 inc VAT (£500 + VAT).
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.