Guide Price: £120,000 To £135,000, 86, 86a And 86c Hull Road, Hessle, East Riding Of Yorkshire, 433+39565

Property Details

Location

The property forms part of a small parade fronting Hull Road with a further unit at the rear accessed from Itlings Lane, approximately 3.75 miles west of Hull city centre and 10 miles west of the M62 motorway.

Description

Double fronted retail investment with a rent reserved at ú13,000 per annum, together with a freehold reversion to the adjoining retail unit let at a ground rent of ú500 per annum.

Accommodation

The following details have been taken from the VOA website: Units 86 and 86A Ground Floor: 115 sq m (1,238 sq ft) First Floor: 166 sq m (1,787 sq ft) Unit 86C Office, Kitchen and W.C 27 sq m (291 sq ft) Total: 308 sq m (3,316 sq ft)

Outside

Rear yard area providing off road parking.

Approx Site Area

Freehold. Number 86 Hull Road is subject to a Long Leasehold interest for a term of 125 years from 13/08/2013 at a rent of ú500 per annum.

Tenancy

Unit Tenant Lease Date Length Next Review Rent PA 86A/86C Mr M. Wilkinson 25/12/2012 12 years 25/12/2015 ú13,000 86 R P Towndrown & Yorsipp (Trustees) 13/08/2013 125 years N/A ú500

VAT

VAT is payable on the sale price unless the conditions for treating the sales as a TOGC are satisfied.

General

Energy Performance Asset Rating = D.

Addendum

Unit Tenant Lease Date Length Next Review Rent PA 86A/86C Mr M. Wilkinson 25/12/2012 12 years 25/12/2015 ú13,000 86 R P Towndrown & Yorsipp (Trustees) 13/08/2013 125 years N/A ú500 VAT is payable on the sale price unless the conditions for treating the sales as a TOGC are satisfied.