Acquired
Kingston-Upon-Hull – Bakery
7 Grampian Way Shopping Centre, Kingston-Upon-Hull HU7 5BJLong Leasehold Retail Investment
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
Holding Over
Area
772 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises ground floor retail unit t/a bakery
- Forms part of an established and busy shopping precinct
- Nearby occupiers include Heron Foods and Lloyds Pharmacy.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
The property comprises ground floor shop t/a bakery and provides the following accommodation and dimensions:
Ground Floor: Shop 71.70 sq m (772 sq ft)
Open plan retail, Storage, Office, WC
Ground Floor: Shop 71.70 sq m (772 sq ft)
Open plan retail, Storage, Office, WC
Tenancy Description
The property is at present let to Coopland & Son (Scarborough) Limited for a term of 5 years from 30th March 2018 at a current rent of £6,120 per annum and the lease contains full repairing and insuring covenants. Tenant in occupation since 2013.
Tenure:
Long leasehold. Held for a term of years expiring 21st October 2110 with a ground rent of peppercorn.
Tenure:
Long leasehold. Held for a term of years expiring 21st October 2110 with a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
The property is located Grampian Shopping Centre is in North Bransholme, on the northern outskirts of the City of Hull, some four miles from the City Centre. The property is located within the purpose built neighborhood shopping complex located on the corner of Lothian Way / Grampian Way, serving a large housing estate, with a Community Centre, Medical Centre and School nearby. Nearby occupiers include Heron Foods and Lloyds Pharmacy.