459 Endike Lane Kingston Upon Hull HU6 8AG

459 Endike Lane
Kingston Upon Hull
HU6 8AG

Freehold Retail Investment

Let to Heron Foods Ltd on a new 17.5 year lease (10 year option to renew) from completion
Heron Foods Ltd was incorporated in 1978 and has reported profits for the last 26 years
Residential area close to the University of Hull
Guaranteed rental increases with rent reviews linked to Consumer Price Index (CPI) (subject to a minimum of 1% and a maximum of 3%)
Nearby occupiers include Cooplands Bakery, Coral Bookmakers, Boots the Pharmacy and McColl’s
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
23
Auction
9th July 2015
Rent
£45,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Heron Foods

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Freehold Retail Investment

Let to Heron Foods Ltd on a new 17.5 year lease (10 year option to renew) from completion
Heron Foods Ltd was incorporated in 1978 and has reported profits for the last 26 years
Residential area close to the University of Hull
Guaranteed rental increases with rent reviews linked to Consumer Price Index (CPI) (subject to a minimum of 1% and a maximum of 3%)
Nearby occupiers include Cooplands Bakery, Coral Bookmakers, Boots the Pharmacy and McColl’s
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 23
Auction 9th July 2015
Rent £45,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Heron Foods

Property Information

Location

Miles: 3 miles north-west of Kingston upon Hull city centre, 36 miles south-east of York
Roads: A63, A164, A1079, M62
Rail: Hull Railway Station
Air: Leeds Bradford Airport, Humberside Airport

Situation

The property is situated on the south side of Endike Lane near its junction with Oldstead Avenue. Endike Lane runs through a predominantly residential area close to the University of Hull.

Tenure

Freehold.

Location

Miles: 3 miles north-west of Kingston upon Hull city centre, 36 miles south-east of York
Roads: A63, A164, A1079, M62
Rail: Hull Railway Station
Air: Leeds Bradford Airport, Humberside Airport

Situation

The property is situated on the south side of Endike Lane near its junction with Oldstead Avenue. Endike Lane runs through a predominantly residential area close to the University of Hull.

Tenure

Freehold.

Description

The property comprises retail and ancillary accommodation on the ground floor and benefits from forecourt car parking.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not 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	Reviews
Ground	Retail/Ancillary	692.00 sq m	(7,449 sq ft)	HERON FOODS LTD (1)	17.5 years from completion on a full repairing and insuring lease with a 10 year option to renew	£45,000	Rental increases linked to CPI (subject to minimum of 1% and a maximum of 3%) 5 yearly annually compounded
Totals		692.00 sq m	(7,449 sq ft)			£45,000

(1) Heron Foods Ltd was incorporated in 1978 and operates from some 235 outlets nationally. For the year ending 28th December 2013, Heron Foods Ltd reported a turnover of £249,688,954, pre-tax profits of £2,301,042 and a net worth of £26,419,497. (Source:www.riskdisk.com 09/06/2015