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No longer on the market

This property is no longer on the market

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Property

Sold STC
EPC rating: A
Property
Added > 14 days

Features and description

  • Tenure: Freehold
  • Retail investment property
  • West Hull suburb location
  • Established parade of shops
  • Suit private pensions/investors
  • Current rent £15,000pa
  • Increases to £18500 July 24
  • Size: 1800
DESCRIPTION

The property consists of a commercial retail investment, with the tenant operating as Tea-N-Bisque-It, a cafe with pottery and painting. which has been operational for over ten years and benefits from Class E use.  The greatly extended ground floor accommodation has been fitted to a good specification with suspended ceiling, LED lighting, comfort cooling system.  There is an open plan sales area and separate partitioned area for private functions, customer WC facilities and a rear store.  To the first floor are 2 separate stores, a kitchen and bathroom facilities.  The property also benefits from a forecourt south facing outside seating area.

LOCATION

The premises are located on Kingston Road, in Willerby which is approximately five miles to the west of Hull city centre.  The property is situated on an established parade of mixed commercial units which includes restaurants, cafe bar, retail & beauty outlets, offices and hot food takeaways. The surrounding area being a built up popular residential suburb, with a short walk to Willerby Square which includes a mixture of regional, national and local retailers.

ACCOMMODATION

Ground Floor: 1,515 sq ft / 140.74 sq m

First Floor: 289 sq ft / 26.85 sq m

EPC Rating

A new EPC is required and will be provided as part of the contract pack.

SERVICES

We believe mains gas, water, electricity and drainage are connected to the premises.  Interested parties should however make their own independent enquiries as to the availability of these services.

BUSINESS RATES

Rateable Value - £14,000     Rates Payable - £4657.33 2023/24

TERMS

The freehold of the property is for sale, subject to a current nine year lease from 25 July 2021 with 3 yearly rent reviews, with the next rent review on 26 July 2024 where a rent increase has been agreed from the current figure of £15,000 per annum to £18,500 per annum.  There is a tenant only break clause on 25 July 2027.


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About this agent

Dee Atkinson & Harrison - Beverley
Dee Atkinson & Harrison - Beverley
12 Market Place Beverley HU17 8BB
01482 763974
Full profileProperty listings
If you are looking for a proactive Letting Agent with a wealth of experience, a professional approach, and a motivated team then look no further. With high profile sales and lettings offices in the Market Towns of Driffield and Beverley, we provide a friendly and professional service to Landlords and Tenants alike. Dee Atkinson & Harrison are a well established firm in the field of Residential Lettings and have a wealth of experience and knowledge to offer our clients.  We have a dedicated Lettings team responsible for managing over 300 properties, including numerous long term Landlords who have relied on Dee, Atkinson & Harrison for many years. Our Lettings departments are solely committed to taking care of your property and your tenants. Landlords can be assured of a reliable, efficient and friendly service.  We let and manage individual portfolios of varying sizes, from single apartments to large estates with multiple properties; so you can rest assured that your property is in safe and experienced hands. This site provides only a brief overview of our services; for more information and details of our fees and commissions please contact one of our ARLA qualified Lettings Managers
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