House For Sale £135,000
For sale by auction 13/12/2022 £135,000 plus
Freehold commercial investment plus commercial ground rents
Location & Description
A substantial commercial development comprising a car wash (under construction), a detached single storey retail parade, a B&M Home Store, a bingo hall and a pub.
Located within the established Sutton Fields Industrial Estate, west of the A1033 Holwell Road and about 3 miles north of Hull City Centre.
Tenancy Details
Car Wash: Let on a repairing and insuring lease to N Kabadayi (with Gaurantor from Five Bites Hull Ltd) for 6 years from 25.02.2022 at a current rent of £12,000 p.a. Rising to £15,000 p.a. On 25.02.2023. Rent review 2025. Tenant's break 2025 & 2028.
Allocated Parking: Let on a Licence at £2,000 p.a.
The Sutton Fields Pub: 999 years from 1988 at a fixed ground rent of £10 p.a.
Retail Parade: 999 years from 1981 at a fixed ground rent of £10 p.a.
B&M Home Store: 999 years from 1981 at a fixed ground rent of £10 p.a.
Buzz Bingo: A term of years expiring 2987 at a fixed ground rent of £10 p.a.
Land at junction of Sutton Rd/West Carr Lane: A term of years expiring 2980 at a peppercorn.
Note
Auction Surveyor: Robert Woolfe
Contact:
Equivalent to £14,040 p.a. Rising to £17,040 p.a. In February 2023
Freehold commercial investment plus commercial ground rents
Location & Description
A substantial commercial development comprising a car wash (under construction), a detached single storey retail parade, a B&M Home Store, a bingo hall and a pub.
Located within the established Sutton Fields Industrial Estate, west of the A1033 Holwell Road and about 3 miles north of Hull City Centre.
Tenancy Details
Car Wash: Let on a repairing and insuring lease to N Kabadayi (with Gaurantor from Five Bites Hull Ltd) for 6 years from 25.02.2022 at a current rent of £12,000 p.a. Rising to £15,000 p.a. On 25.02.2023. Rent review 2025. Tenant's break 2025 & 2028.
Allocated Parking: Let on a Licence at £2,000 p.a.
The Sutton Fields Pub: 999 years from 1988 at a fixed ground rent of £10 p.a.
Retail Parade: 999 years from 1981 at a fixed ground rent of £10 p.a.
B&M Home Store: 999 years from 1981 at a fixed ground rent of £10 p.a.
Buzz Bingo: A term of years expiring 2987 at a fixed ground rent of £10 p.a.
Land at junction of Sutton Rd/West Carr Lane: A term of years expiring 2980 at a peppercorn.
Note
Auction Surveyor: Robert Woolfe
Contact:
Equivalent to £14,040 p.a. Rising to £17,040 p.a. In February 2023
