32 King Edward Street, HU1 3SS

32 King Edward Street

Hull, HU1 3SS


Price   Offers Invited


Enquire about this property

Property Enquiry

1752-20181128_105732.jpg

32 King Edward Street

Hull

×


  • Overview

    City centre shop adjacent NatWest Bank, near Costa, opposite Three, McDonald’s and Lush

    Ground floor sales c.49.3 sq m, potential basement sales c.55 sq m and three upper floors totalling c.150 sq m.

    Held on an occupational lease by Gadgets4 UK Retail Limited t/a Fone World at £26,000 per annum exclusive

    Long leasehold subject to fixed ground rent of £1,875 per annum

    Profit rent £24,125 per annum exclusive - LONG LEASEHOLD RETAIL INVESTMENT FOR SALE

  • Location

    King Edward Street is a prime pedestrianised shopping pitch linking Princes Quay and Whitefriargate via Jameson Street to St Stephens and the adjacent transport interchange. Retailers represented nearby include Costa, Barclays, Tesco Express, Three, Lush and McDonald’s. See the Goad plan.

    The property is situated close to the former BHS property which with adjacent buildings and land is the site of a proposed major retail, leisure and residential redevelopment scheme.

  • Accommodation

    Shop unit with pavement level access and full height display front providing the following:

    Ground floor sales area 49.3 sq m (530 sq ft)
    Basement – potential sales 55.0 sq m (592 sq ft)
    First floor office, stores and staff areas  45.6 sq m (490 sq ft)
    Second floor stores 48.9 sq m (526 sq ft)
    Third floor stores 55.2 sq m (595 sq ft)
  • Disposal Terms

    OCCUPATIONAL LEASE

    The property is held by Gadets4 UK Retail Limited t/a Fone World on a 10 year commercial full repairing and insuring lease from March 2017 at £26,000 per annum exclusive subject to a 5 year rent review and tenant only break option.

    TENURE

    The long leasehold interest in the property is offered ‘For Sale’. This represents the balance of a 99 year term held from Hull City Council expiring in June 2054 at a fixed rent of £1,875 per annum.

    DISPOSAL TERMS

    The long leasehold interest is offered ‘For Sale’ subject to the occupational lease producing a profit rent of £24,125 per annum exclusive. Offers are invited.

Overview
Accommodation
Terms

City centre shop adjacent NatWest Bank, near Costa, opposite Three, McDonald’s and Lush

Ground floor sales c.49.3 sq m, potential basement sales c.55 sq m and three upper floors totalling c.150 sq m.

Held on an occupational lease by Gadgets4 UK Retail Limited t/a Fone World at £26,000 per annum exclusive

Long leasehold subject to fixed ground rent of £1,875 per annum

Profit rent £24,125 per annum exclusive - LONG LEASEHOLD RETAIL INVESTMENT FOR SALE

Shop unit with pavement level access and full height display front providing the following:

Ground floor sales area 49.3 sq m (530 sq ft)
Basement – potential sales 55.0 sq m (592 sq ft)
First floor office, stores and staff areas  45.6 sq m (490 sq ft)
Second floor stores 48.9 sq m (526 sq ft)
Third floor stores 55.2 sq m (595 sq ft)

OCCUPATIONAL LEASE

The property is held by Gadets4 UK Retail Limited t/a Fone World on a 10 year commercial full repairing and insuring lease from March 2017 at £26,000 per annum exclusive subject to a 5 year rent review and tenant only break option.

TENURE

The long leasehold interest in the property is offered ‘For Sale’. This represents the balance of a 99 year term held from Hull City Council expiring in June 2054 at a fixed rent of £1,875 per annum.

DISPOSAL TERMS

The long leasehold interest is offered ‘For Sale’ subject to the occupational lease producing a profit rent of £24,125 per annum exclusive. Offers are invited.

32 King Edward Street

Hull , HU1 3SS


King Edward Street is a prime pedestrianised shopping pitch linking Princes Quay and Whitefriargate via Jameson Street to St Stephens and the adjacent transport interchange. Retailers represented nearby include Costa, Barclays, Tesco Express, Three, Lush and McDonald’s. See the Goad plan.

The property is situated close to the former BHS property which with adjacent buildings and land is the site of a proposed major retail, leisure and residential redevelopment scheme.

Can’t find the right property?

Contact us