91 Newland Avenue Kingston upon Hull Yorkshire HU5 2AA

91 Newland Avenue
Kingston upon Hull
Yorkshire
HU5 2AA

Freehold Retail Investment

Let to Ladbrokes Betting and Gaming Limited until 2022
Located 500 metres south of Hull University
Nearby occupiers include Sainsbury's, Lloyds Bank and Subway
3 yearly rent reviews
Rent ?18,500 per annum exclusive with outstanding rent review to be settled. Notice served at ?22,275 per annum exclusive?

Lot
47
Auction
27th May 2010
Rent
£18,500 per Annum
Status
Sold
Price
£286,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail Investment

Let to Ladbrokes Betting and Gaming Limited until 2022
Located 500 metres south of Hull University
Nearby occupiers include Sainsbury's, Lloyds Bank and Subway
3 yearly rent reviews
Rent ?18,500 per annum exclusive with outstanding rent review to be settled. Notice served at ?22,275 per annum exclusive?

Lot 47
Auction 27th May 2010
Rent £18,500 per Annum
Status Sold
Price £286,000
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Estimated District Population: 258,700
Miles: ?6 miles south-east of Beverley; 50 miles east of Leeds
Roads: ?A5, M1, M40
Rail: ?Hull Rail, Cottingham Rail
Air: ?Humberside, Leeds Airport

Situation

The property is situated on the west side of the fashionable Newland Avenue, some 500 metres south of the University of Hull.

Tenure

Freehold.

Location

Estimated District Population: 258,700
Miles: ?6 miles south-east of Beverley; 50 miles east of Leeds
Roads: ?A5, M1, M40
Rail: ?Hull Rail, Cottingham Rail
Air: ?Humberside, Leeds Airport

Situation

The property is situated on the west side of the fashionable Newland Avenue, some 500 metres south of the University of Hull.

Tenure

Freehold.

Description

The property is an attractive MID TERRACE PERIOD BUILDING comprising RETAIL ACCOMMODATION on the ground floor and ANCILLARY ACCOMMODATION on the first floor. First floor accommodation is not currently used by the tenant and the tenant has extended the ground floor. VATVAT is not applicable to this lot.

EPC

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

Description

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 Ground First	Retail Ancillary Not Used	103.70 sq m 16.00 sq m	(1,116.23 sq ft) (172.22 sq ft)	LADBROKES BETTING AND GAMING LIMITED (1)	15 years from 05/01/2007 until 2022 on a full repairing and insuring lease	£18,500	Rent review outstanding from 05/01/2010. Notice served proposing £22,275 p.a.x. 3 yearly reviews thereafter
Ground Ground First	Retail Ancillary Not Used	Not measured		LADBROKES BETTING AND GAMING LIMITED (1)		£18,500
Totals		119.70 sq m	(1,288.45 sq ft)

(1) For the year ending December 2008 Ladbrokes Betting and Gaming Limited reported a turnover of ?902,171,000, pre-tax profits of ?278,122,000 and a net worth of ?585,091,000. (Source: www.riskdisk.com 16/04/2010) (2) The lease refers to a schedule of condition but one was never produced nor agreed.