54-56 King Edward Street, HU1 3SQ

54-56 King Edward Street

Hull, HU1 3SQ


Price   £600,000


Enquire about this property

Property Enquiry

1613-Scotts - King Edward Street 3 - Copy.jpg

54-56 King Edward Street

Hull

×


  • Description

    The property comprises retail accommodation on the ground and part first floor let to Cash Converters together with ground floor accommodation at 31-33 Waltham Street t/a Coffee 31. The premises are an imposing mid-terrace, four-storey building of brick construction with attractive flemish style detailing which leads round to the Waltham Street portion of the property extending to three-storeys of matching construction. Planning consent has been granted for a change of use of the vacant upper floors to 6 self-contained flats (approved November 2016) with an independent front entrance.

  • Overview

    INVESTMENT & CONVERSION OPPORTUNITY

    Attractive building in Hull City Centre adjacent to former BHS/Albion Square proposed redevelopment

    Income from 2 shops £35,200 p.a. exclusive

    The majority of rent is secured against Cash Converters until October 2026

    Planning to convert vacant uppers to 6 apartments

    Guide Price £600,000

  • Location

    Hull is located approximately 60 miles east of Leeds via the M62 with a population of approximately 260,000. The regional capital of the East Riding of Yorkshire, Hull is the 2017 City of Culture which has led to significant investment in the public realm including the pedestrianisation of King Edward Street.

    The property occupies a prominent position in close proximity to the Prospect Shopping Centre and proposed Albion Square/former BHS redevelopment. The premises are a short walk from the Princes Quay Shopping Centre, St Stephens Shopping Centre and the Hull Paragon Transport Interchange. See the Goad extract.

  • Accommodation
    54-56 King Edward Street:    
    Ground Floor Sales 117.6 sq m (1,265 sq ft)
    First Floor 105.4 sq m (1,134 sq ft)
    Basement Stores 44.0 sq m (474 sq ft)
    31-33 Waltham Street:    
    Ground Floor Accommodation   61.0 sq m (657 sq ft)
         
    6 flats are proposed to the first, second and third floor of the premises.
     

    Planning consent exists for 2 x 2 bed and 4 x 1 bed flats. Copy Decision Notice and layout plans are attached.

     

  • Disposal Terms

    54-56 King Edward Street

    Ground and part first floor is held on a typical commercial lease by Cash Converters (Yorkshire) Limited at a passing rent of £30,000 per annum exclusive. A reversionary lease has been completed to extend the term commitment for a further 5 years until October 2026 with the rent to remain at £30,000 per annum exclusive.

    31-33 Waltham Street

    Ground floor is held by a local covenant on a lease expiring December 2020 at a rent passing of £5,200 per annum exclusive.

  • Other Info

    ENERGY PERFORMANCE RATING: 54-56 King Edward Street: F / 31-33 Waltham Street: E

Overview
Description
Accommodation
Terms
Other Info

INVESTMENT & CONVERSION OPPORTUNITY

Attractive building in Hull City Centre adjacent to former BHS/Albion Square proposed redevelopment

Income from 2 shops £35,200 p.a. exclusive

The majority of rent is secured against Cash Converters until October 2026

Planning to convert vacant uppers to 6 apartments

Guide Price £600,000

The property comprises retail accommodation on the ground and part first floor let to Cash Converters together with ground floor accommodation at 31-33 Waltham Street t/a Coffee 31. The premises are an imposing mid-terrace, four-storey building of brick construction with attractive flemish style detailing which leads round to the Waltham Street portion of the property extending to three-storeys of matching construction. Planning consent has been granted for a change of use of the vacant upper floors to 6 self-contained flats (approved November 2016) with an independent front entrance.

54-56 King Edward Street:    
Ground Floor Sales 117.6 sq m (1,265 sq ft)
First Floor 105.4 sq m (1,134 sq ft)
Basement Stores 44.0 sq m (474 sq ft)
31-33 Waltham Street:    
Ground Floor Accommodation   61.0 sq m (657 sq ft)
     
6 flats are proposed to the first, second and third floor of the premises.
 

Planning consent exists for 2 x 2 bed and 4 x 1 bed flats. Copy Decision Notice and layout plans are attached.

 

54-56 King Edward Street

Ground and part first floor is held on a typical commercial lease by Cash Converters (Yorkshire) Limited at a passing rent of £30,000 per annum exclusive. A reversionary lease has been completed to extend the term commitment for a further 5 years until October 2026 with the rent to remain at £30,000 per annum exclusive.

31-33 Waltham Street

Ground floor is held by a local covenant on a lease expiring December 2020 at a rent passing of £5,200 per annum exclusive.

ENERGY PERFORMANCE RATING: 54-56 King Edward Street: F / 31-33 Waltham Street: E

54-56 King Edward Street

Hull , HU1 3SQ


Hull is located approximately 60 miles east of Leeds via the M62 with a population of approximately 260,000. The regional capital of the East Riding of Yorkshire, Hull is the 2017 City of Culture which has led to significant investment in the public realm including the pedestrianisation of King Edward Street.

The property occupies a prominent position in close proximity to the Prospect Shopping Centre and proposed Albion Square/former BHS redevelopment. The premises are a short walk from the Princes Quay Shopping Centre, St Stephens Shopping Centre and the Hull Paragon Transport Interchange. See the Goad extract.

Can’t find the right property?

Contact us