Substantial Freehold Leisure Investment
Substantial Freehold Leisure Investment
The property is situated on the eastern side of Lowgate, at its junction with Bishop Lane, in the heart of Hull's destination leisure district. Nearby occupiers include Yates’ Bar, Garbo’s Bar & Restaurant, Jazz Café Bar and a number of independent bar and pub operators.
Freehold.
The property is situated on the eastern side of Lowgate, at its junction with Bishop Lane, in the heart of Hull's destination leisure district. Nearby occupiers include Yates’ Bar, Garbo’s Bar & Restaurant, Jazz Café Bar and a number of independent bar and pub operators.
Freehold.
The property comprises two interconnecting buildings to provide a ground and first floor bar, with ancillary accommodation on basement, second and third floors.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises two interconnecting buildings to provide a ground and first floor bar, with ancillary accommodation on basement, second and third floors.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Gross Internal Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Basement First Second Third |
Bar/Ancillary Ancillary Bar/Ancillary Ancillary Ancillary |
485.61 sq m 70.89 sq m 315.87 sq m 296.08 sq m 127.37 sq m |
(5,227 sq ft) (763 sq ft) (3,400 sq ft) (3,187 sq ft) (1,371 sq ft) |
HPL PROPERTIES NO 3 LIMITED t/a Rift Bar (1) |
35 years from 23/07/2003 until 22/07/2038 on a full repairing and insuring lease |
£72,000 | 23/07/2018 and five yearly thereafter |
| Total |
1,295.82 sq m |
(13,948 sq ft) |
£72,000 | ||||
(1) Rift Bars operate from three other locations in Preston, Cleethorpes and Scunthorpe (Source: www.riftbar.co.uk 11/04/2018).
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