Attractive headline yield c.10.2 % gross
Close to the junction of Anlaby Road & Ferensway and the transport Interchange
133.5 sq m (1,437 sq ft)
Let at £7,015 p.a on term to Feb 2023
The ground floor premises offer prominent accommodation that forms part of Ferens Court, a four-storey property with upper floors providing residential accommodation.
The property is currently held on a 5 year commercial lease expiring February 2023 with a headline rent of £7,015 per annum. The property is let on FRI terms with a rent review at the expiry of the third year of the term. There is also the benefit of a mutual
break option on the expiry of the third year of the term.
Pavement level access via central entrance doors to a unit of;
|Maximum internal width 8.6m x depth 15.2 m.
|Sales / Office Area
||133.5 sq m
||(1,437 sq ft)
|Rear W.C. Facility
The property is available for sale on a long leasehold basis at a guide price of £70,000 subject to the occupational lease.
The premises currently form part of a larger assessment, therefore reassessment of the subject premises will be required. Rates are the tenants responsibility under the terms of the lease.
ENERGY PERFORMANCE RATING: D