Introduction
The parade fronts onto Hessle Road, close to its junction with Brighton Street a short distance from bot the Asda and Liddel supermarkets approximately 2 miles west of Hull City Centre, with good access to the A63 main duel carriageway leading into and out of the city. Hessle Road is a popular retail area comprising of mixed users serving a heavily populated area of the City. The premises are situated within an established parade having parking to the frontage and private parking and yard to the rear over a shared secure access.
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Location
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The parade fronts onto Hessle Road, close to its junction with Brighton Street a short distance from bot the Asda and Liddel supermarkets approximately 2 miles west of Hull City Centre, with good access to the A63 main duel carriageway leading into and out of the city. Hessle Road is a popular retail area comprising of mixed users serving a heavily populated area of the City. The premises are situated within an established parade having parking to the frontage and private parking and yard to the rear over a shared secure access.
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Description
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FREEHOLD MIXED COMMERCIAL & RESIDENTIAL INVESTMENT OPPORTUNITY extending over two units of traditional brick and tile construction, shop display windows and doors being in glazed alloy with roller shutters, windows to the remainder being principally in uPVC and double glazed. To the rear there is a secured service road and private good size parking area/service yard. 505 Hessle Road, previously having an office user is vacant, 507 is a tattoo studio Russel Ink Tattoo. To the first floors there are two one bedroom self contained flats which are all let.
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Accommodation 505 (measured on a nia basis)
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Vacant
Ground Floor:
Offices - 39.2 sq m (421 sq ft)
Office/Store - 12.4 sq m (134 sq ft)
Store - 2.4 sq m (26 sq ft)
Totals: - 54 sq m (581 sq ft) approx. -
Accommodation 507 (measured on a nia basis)
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Occupied by Russel Ink Tattoo
Ground Floor:
Retail Sales - 32.9 (354 sq ft)
Office/Store - 16.4 (176 sq ft)
Kitchen - 4.4 (47 sq ft)
Totals - 53.7 sq m (578 sq ft) approx. -
Accommodation first floor flats
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Flat 1. 505 - 1 x Bed
Flat 2. 507 - 1 x Bed -
Lease/occupancy details
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505: Vacant, previously let on internal repairing terms £375/month
507: Initial 12 month licence commencing 27/06/16 on internal repairing terms £416.66/month
Flat 1. 505: 6 month AST commenced 22/09/16, rent £260/month
Flat 1. 507: 6 month AST commenced 16/10/14, rent £260/month -
Terms
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The freehold interest is available by Private Treaty, with vacant possession to the ground floor of 505 Hessle Road.
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Vat
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We are advised the premises are not registered for VAT and therefore VAT will not be charged on the sale price
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Energy performance certificates (epc's)
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505: Band E Reading 103
507: Band E Reading 118
Flat 1. 505: Band E Reading 53
Flat 1. 507: Band E Reading 39 -
Planning user
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Historically the premises have had a mixed user of both retail (A1 Shops) and office (A2 Financial & Professional Services). Prospective purchasers should make their own enquiries with the Hull City Council Planning Department as to any future proposed use by contacting the councils planning department on (01482) 300 300 or emailing dev.control@hullcc.gov.uk
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Business rates
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Internet enquiries through the Valuation Office Agency website have revealed that 505 Hessle Road has a current Rateable Value £4,700 per annum with 507 Hessle Road having a Rateable Value of £5,000 subject to either the national or small business multiplier or other reliefs. Prospective purchasers should clarify this position with the local rating authority, Hull City Council details of the councils small business rate reliefs for 2018/19 can be viewed at http://www.hull.gov.uk/business/business-rates/small-business-rates-relief or by contacting the council on (01482) 300 300.
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Price
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£150,000 for the freehold interest.
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Viewing
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Strictly by appointment with the sole agents (01482) 375212
