LOT 32

46-50 Carr Lane, Hull, North Humberside, HU1 3RF

LONG LEASEHOLD COMMERCIAL INVESTMENT PRODUCING £30,600 PER ANNUM

Result: Sold after auction for an undisclosed amount Guide price: £270,000 plus*

Auction Date

Thursday, 8th April 2021 12:00pm

The property is prominently situated in the central shopping area in heart of Kingston-upon-Hull City Centre, approximately 100 metres from Princes Quay Shopping Centre and approximately 200 metres from Prospect Shopping Centre. Neighbouring occupiers include Primark, KFC, Dominoes and McDonald's. Hull Paragon Station is under 200 meters away with local bus lines on Carr Lane serving the local area.

Accommodation

Unit 1 (No.50) 832 sq ft (77.29 sq m)
Unit 2 (No.48) 723 sq ft (67.16 sq m)
Unit 3 (No.46) 736 sq ft (68.37 sq m)

Lease Details

Leasehold for a term of 999 years from 01.05.1990

Tenancy Details

Let to Little Angels for 15 years from 13.11.2006 at £1050 p.c.m.
Let to Cafe Culture for 15 years from 13.11.2006 at £750 p.c.m.
Let to Cafe Culture for 15 years from 13.11.2006 at £750 p.c.m.

EQUIVALENT TO £30,600 p.a.

EPC Rating

TBC

Note

There is an agreement in place between the existing Landlord and Tenants to increase the rent to £1,167 p.c.m for each unit from June 2021.

Auction Surveyor: Akiva Levin
E: Akiva.Levin@Strettons.co.uk
M: 020 3988 5300

Status

Sold after auction for an undisclosed amount

Joint Auctioneer

Ashok Sodha

BTC Commercial Tel: 020 8889 7474

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.