Skip to Content

Lot 23 Available £79,500

Auction: Tuesday 17th December 2019

265 Holderness Road, Hull, East Riding of Yorkshire HU8 8TD

  • Photo1
  • Photo2

Lot 23   Click here for addendum

Gross Yield 12.75%
4 Week Completion

Situation

Located in a prominent trading position opposite Boots and amongst a variety of multiple occupiers including Betfred, Barclays, Card Factory, Lloyds Bank, Peacocks, One Stop, Age UK and Ladbrokes as well as being just yards from the Kingston Shopping Centre.
Hull lies approx. 50 miles east of Leeds and approx. 33 miles south-east of York. The Humberside city benefits from good road links via the A63 which connects to the M62 Trans-Pennine motorway.

Property

A mid-terrace building comprising a Ground Floor Shop with internal access to Ancillary Accommodation at first floor level.

Accommodation

Ground Floor Shop
Gross Frontage 15'10''
Internal Width 15'7''
Shop Depth 52'7''
Built Depth 58'10''
Sales Area Approx. 735 sq ft
WC
First Floor Ancillary
Area Approx. 790 sq ft

VAT is applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to G. Chiru as a Household Goods & Toys Store for a term of 15 years from 1st August 2019 at a current rent of £10,200 per annum exclusive.

Rent Reviews 2022 and 3 yearly

Tenant's Breaks 2021 and 2 yearly

Enquire about this lot:

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.