36-38 South Street off Jameson Street Kingston upon Hull East Yorkshire HU1 3PY

36-38 South Street
off Jameson Street
Kingston upon Hull
East Yorkshire
HU1 3PY

Freehold Retail and Office Investment

Mainly let to The Secretary of State for Defence
Town centre location just off the pedestrianised Jameson Street
Nearby occupiers include Lloyds TSB, Sainsbury’s, House of Fraser and HSBC
Six Week Completion Period Available

Lot
19
Auction
21st March 2013
Rent
£26,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Important Update Interested?

Expand
Photos
Map

Freehold Retail and Office Investment

Mainly let to The Secretary of State for Defence
Town centre location just off the pedestrianised Jameson Street
Nearby occupiers include Lloyds TSB, Sainsbury’s, House of Fraser and HSBC
Six Week Completion Period Available

Lot 19
Auction 21st March 2013
Rent £26,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 55 miles east of Leeds
Roads: A1079, A63, A165
Rail: Hull Rail
Air: Humberside Airport

Situation

The property is situated on the eastern side of South Street, just off the pedestrianised Jameson Street, one of Hull’s prime retailing thoroughfares.The property is situated less than 100 metres from Prospect Shopping Centre which houses retailers such as Greggs, W H Smith, Boots, The Perfume Shop and H Samuel. Other nearby occupiers include Lloyds TSB, Sainsbury’s, House of Fraser and HSBC.

Tenure

Freehold.

Location

Miles: 55 miles east of Leeds
Roads: A1079, A63, A165
Rail: Hull Rail
Air: Humberside Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground retail unit used as an Armed Forces office with self-contained office accommodation on first and second floors, accessed via South Street.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a ground retail unit used as an Armed Forces office with self-contained office accommodation on first and second floors, accessed via South Street.

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	Reviews/(Reversions)
Ground First	Retail Storage	69.98 sq m 25.20 sq m	(753 sq ft) (271 sq ft)	SECRETARY OF STATE FOR DEFENCE (t/a Royal Navy, Army and Royal Airforce Careers) (1)	9 years from 01/07/2012 (2)	£20,000	01/07/2017 (30/06/2021)
First Second	Office Office	28.98 sq m 48.41 sq m	(312 sq ft) (521 sq ft)	SURVIVORS (HULL AND EAST RIDING) (3)	6 years from 01/08/2011 (4)	£6,000	01/08/2014 (31/07/2017)
Totals		172.57 sq m	(1,857 sq ft)			£26,000

(1) The tenant refitted the property to their own requirements at the beginning of the lease.
(2) The lease provides an option to determine on the third and sixth anniversary of the term.
(3) Survivors (Hull & East Riding) is a Registered Charity No. 1083535. (Source: www.survivorshull.org.uk 22/02/2013)
(4) The lease on the upper floors provides an option to determine on 31st July 2014.