Property Information
Address:
10 King Street Hull East Riding Of Yorkshire HU1 2JJ
,
HU1 2JJ
Price: Property no longer available.
Size: 2027 sq ft188 sqm
Primary Category: Leisure
All Categories:
Leisure,
Property Ref/Movehut: MH534967
Property Ref/Agent: 221
*Please use the agent ref when calling the agent directly.
Property description
Investment Sale in popular area in the centre of the City of Culture
Key Points
188.29 sq m Gross Internal Area - (2,027 sq ft)
Investment sale of newly refurbished public house let to Camerons Brewery Limited
Let for a term of 25 years from April 2016
Rental of 25,000 pa
Busy location in the 'Trinity Quarter' of Hull, the 2017 City of Culture
Location
The Head of Steam is located in the popular 'Trinity Quarter' in the centre of the city of Hull. The property is overlooking the recently renovated Trinity Square, opposite Hull's Holy Trinity Church and next to the Old Grammar School museum. The historic Trinity Quarter is a truly unique part of the city. It is home to a great range of specialist stores, trendy bars and cafes, restaurants and museums, as well as the Victorian Hepworth's Arcade specialising in quality independent retailers. Hull is a city and unitary authority in the East Riding of Yorkshire, lying upon the River Hull at its junction with the Humber estuary, 25miles inland from the North Sea, with a population of 257,710 (mid-2014est.)
Property
TheHead of Steam (formally Kings Bar)is abrick built, three storey mid-terracedproperty of painted rendered elevations beneath pitched tiled roofs.
The property comprises awell appointedground floor open planpub/bar with Ladies & Gents W.C.s, kitchen and store rooms.
Theground floor wascomprehensively refurbished during 2016.
The property also has accommodation arranged over the 1st and 2nd floors, (not inspected).
The GIA is 188.29 sq m / 2026.8 sq ft (approx).
Tenure
The property is let on a FRI, Free of Tie basis,to Camerons Brewery Ltd on a 25 year (minus 1 day)lease from 22nd April 2016.
The current rent is 25,000 pa, which is subject to 5-yearly upward only reviews.
Camerons Brewery Ltd have c.80 pubs following its acquisition of the Leeds Brewery pub estate in 2016 and has stated ambitions of growing to 500 pubs. As of their 2015 accounts the company had a 60.89m turnover, held assets of 53.35m and a net worth of 17.2m.
Rates & Charges
Business Rates
0.00 (based on a Rateable Value of 11,800)
Based on 2017 Business Rates Estimate
Council Tax
Available on enquiry
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