Property Information
Address:
32 King Edward Street, Hull
, HU1 3SS
Price: Buy: POA
Size: SOA
Primary Category: Investment
All Categories:
Investment, Shop,
Property Ref/Movehut: MH635692
Property Ref/Agent: 1700
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: October 23, 2024
Property description
King Edward Street is a prime pedestrianised shopping pitch linking Princes Quay and Whitefriargate via Jameson Street to St Stephens and the adjacent transport interchange.
Retailers represented nearby include Costa, Barclays, Tesco Express, Three, Lush and McDonald's.
The property is situated close to the former BHS property which with adjacent buildings and land is the site of a proposed major retail, leisure and residential redevelopment scheme.
Tenure
The long leasehold interest in the property is offered 'For Sale'. This represents the balance of a 99 year term held from Hull City Council expiring in June 2054 at a fixed rent of £1,875 per annum.
City centre shop adjacent NatWest Bank, near Costa, opposite Three, McDonald's and Lush
Ground floor sales c.49.3 sq m, potential basement sales c.55 sq m and three upper floors totalling c.150 sq m
Held on an occupational lease by Gadgets4 UK Retail Limited t/a Fone World at £26,000 per annum exclusive
Long leasehold subject to fixed ground rent of £1,875 per annum
Profit rent £24,125 per annum exclusive
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