Property
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
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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