Ground Floor, Ferens Court, 20 - 22 Anlaby Road, HU1 2PA

Ground Floor, Ferens Court, 20 - 22 Anlaby Road

Hull, HU1 2PA


Price   £70,000


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Ground Floor, Ferens Court, 20 - 22 Anlaby Road

Hull

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  • Description

    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.

  • Overview

    Investment Property

    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

  • Location

    The property is located in Hull city centre with a significant frontage to the north side of Anlaby Road, close to its junction with Ferensway. Nearby uses comprise a mix of retail leisure and office accommodation including a JD Wetherspoon public house immediately opposite, above which a Wetherspoons Hotel is now open. Hull’s transport interchange, St Stephens Shopping Centre and Princes Quay Shopping Centre are all located a short walk from the property.

  • Accommodation

    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 - -
  • Disposal Terms

    The property is available for sale on a long leasehold basis at a guide price of £70,000 subject to the occupational lease.

  • Other Info

    RATEABLE VALUE

    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

Overview
Description
Accommodation
Terms
Other Info

Investment Property

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.

RATEABLE VALUE

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

Ground Floor, Ferens Court, 20 - 22 Anlaby Road

Hull , HU1 2PA


The property is located in Hull city centre with a significant frontage to the north side of Anlaby Road, close to its junction with Ferensway. Nearby uses comprise a mix of retail leisure and office accommodation including a JD Wetherspoon public house immediately opposite, above which a Wetherspoons Hotel is now open. Hull’s transport interchange, St Stephens Shopping Centre and Princes Quay Shopping Centre are all located a short walk from the property.

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