Long Leasehold Retail Investment Kingston Upon Hull HU7 3806
The property is located in the heart of a residential suburb, Grampian Way, and forms part of the local shopping centre, adjoining the local community centre. Other occupiers close by include Heron Frozen Foods, Lloyds Pharmacy and Ladbrokes. The entire property is let on a full repairing and insuring lease to C. Bostanci as a Supermarket/Newsagent for a term of 15 years from 1st May 2007 at a current rent of £21,500 per annum exclusive. Offers are invited in the region of £155,000
Kingston upon Hull, with a population of 310,000, is a major commercial centre and port on the northern shores of the Humber Estuary. The town is linked to the national motorway network by the M62 and benefits from the Humber Bridge which links with the M180.
The property is situated 4 miles north of the city centre in a predominately residential area known as Bransholme, accessed via John Newton Way and Cumbrian Way.
Leasehold for a term of 124 years (less 10 days) from 25th November 1986 (thus having approximately 97 years unexpired) at a peppercorn.