336 Holderness Road Hull East Riding of Yorkshire HU9 3DQ

336 Holderness Road
Hull
East Riding of Yorkshire
HU9 3DQ

Freehold Retail and Residential Investment

Shop let to William Hill with 3 separately-accessed flats above all let on AST's
Shop lease expires September 2027 (No breaks)
Shop refurbished in 2022
Two x 2-bed flats and one 1 x bed flat above each with separate gas, electricity and water supplies
VAT-free investment
Established local retail parade in vibrant shopping area
Nearby occupiers include Asda Superstore, Iceland Supermarket, B&M, McDonald's, Home Bargains and Cooplands

Lot
39
Auction
9th May 2024
Rent
£27,400 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

Shop let to William Hill with 3 separately-accessed flats above all let on AST's
Shop lease expires September 2027 (No breaks)
Shop refurbished in 2022
Two x 2-bed flats and one 1 x bed flat above each with separate gas, electricity and water supplies
VAT-free investment
Established local retail parade in vibrant shopping area
Nearby occupiers include Asda Superstore, Iceland Supermarket, B&M, McDonald's, Home Bargains and Cooplands

Lot 39
Auction 9th May 2024
Rent £27,400 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 2 miles east of Hull City Centre, 37 miles south-east of York, 56 miles east of Leeds
Roads: A63, A165, A1033
Rail: Hull Railway Station
Air: Leeds/Bradford Airport

Situation

The property is prominently located on the south side of Holderness Road (A165), in an established retail parade, 2 miles east of Hull City Centre in a vibrant shopping area with a mix of national and independent retailers. Nearby occupiers include Asda Superstore, Iceland Supermarket, B&M, McDonald's, Home Bargains and Cooplands.

Tenure

Freehold.

Location

Miles: 2 miles east of Hull City Centre, 37 miles south-east of York, 56 miles east of Leeds
Roads: A63, A165, A1033
Rail: Hull Railway Station
Air: Leeds/Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground floor, with three separately-accessed flats (2x2 bed and 1x1 bed) let on AST's, arranged on the first floor. Each flat have the benefit of their own gas, electricity and water supplies.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas (Approx sq ft)	Tenant	Term	Rent p.a.x.
Ground	Betting Office	72.83	(784)	WILLIAM HILL ORGANIZATION LIMITED (1)	20 years from 28/09/2007	£14,500
First (Flat 1)	Residential - 2 bed flat	46.82	(504)	AN INDIVIDUAL	AST 6 months from 01/02/2024 at £375 pcm	£4,500
First (Flat 2)	Residential - 2 bed flat	44.68	(481)	AN INDIVIDUAL	AST 6 months from 30/10/2018 (Holding over) at £375 pcm	£4,500
First (Flat 3)	Residential - 1 bed flat	40.13	(432)	AN INDIVIDUAL	AST 6 months from 12/05/2022 (Holding over) at £325 pcm	£3,900
Total		204.46	(2,201)			£27,400

(1) For the year ending 27/12/2022, William Hill Organization Limited reported a turnover of £510,000,000, a pre-tax profit of £5,100,000 and a net worth of minus £5,500,000 (www.northrow.com)

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.