Poundstretcher 350 Preston Road Kingston Upon Hull East Riding of Yorkshire HU9 5HG

Poundstretcher
350 Preston Road
Kingston Upon Hull
East Riding of Yorkshire
HU9 5HG

Freehold Retail Warehouse Investment

Entirely let to Poundstretcher Limited until 2036 (subject to options)
Open A1 retail unit with low rent of £4.99 psf
Nearby occupiers include Lloyds Pharmacy, Aldi, Hull Go Karting and the newly
developed KC Lightstream Stadium
Large site of approximately 0.886 hectares (2.187 acres) with parking for some 130 cars

Lot
50
Auction
11th December 2014
Rent
£72,000 per Annum Exclusive
Status
Sold
Price
£675,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Warehouse Investment

Entirely let to Poundstretcher Limited until 2036 (subject to options)
Open A1 retail unit with low rent of £4.99 psf
Nearby occupiers include Lloyds Pharmacy, Aldi, Hull Go Karting and the newly
developed KC Lightstream Stadium
Large site of approximately 0.886 hectares (2.187 acres) with parking for some 130 cars

Lot 50
Auction 11th December 2014
Rent £72,000 per Annum Exclusive
Status Sold
Price £675,000
Sector
Retail Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 40 miles south-east of York; 55 miles east of Leeds; 65 miles north-east of Sheffield
Roads: A165, A63, A1003, A15, M180, M62
Rail: Kingston-Upon-Hull Railway Station
Air: Humberside, Leeds International

Situation

The property is situated to the east of Hull City Centre on the southern side of Preston Road, adjacent to the newly developed KC Lightstream Stadium, home to the Hull Kingston Rovers. Other nearby occupiers include Lloyds Pharmacy, Aldi and Hull Go Karting

Tenure

Freehold.

Location

Miles: 40 miles south-east of York; 55 miles east of Leeds; 65 miles north-east of Sheffield
Roads: A165, A63, A1003, A15, M180, M62
Rail: Kingston-Upon-Hull Railway Station
Air: Humberside, Leeds International

Situation

Tenure

Freehold.

Description

The property, a former supermarket, comprises a standalone purpose built unit with open A1 retail consent. The property benefits from a large site area of approximately 0.886 hectares (2.187 acres) providing some 130 car parking spaces.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Retail Warehouse	1,339.00 sq m	(14,415 sq ft)	POUNDSTRETCHER LIMITED (1)	23 years 5 months from 01/11/2012 until 13/04/2036 on a full repairing and insuring lease (2)	£72,000	14/04/2018, 14/04/2021 and five yearly thereafter
Totals		1,339.00 sq m	(14,415 sq ft)			£72,000

(1) Poundstretcher was established in 1981 and is the UK’s leading discount retailer of products for the home, with more than 400 retail stores across Britain. (Source: www.poundstretcher.co.uk 29/10/2014).
(2)The lease provides options to determine on 13/04/2018 and 13/04/2026 which are personal to the current tenant only.