This city centre investment opportunity comprises the ground floor of a prominent corner sited building with extensive frontages to Paragon Street and South Street.  Four retail units extend in total to around 5,150 sq ft / 478 sq m (excluding ancillary accommodation) with three shops being vacant and the fourth let at a rent of £6,500 per annum. The vacant units have excellent shop frontages and are of varying sizes and layout to suit a wide range of users.  They include a large cafe premises which is equipped with servery and kitchen fittings.  Nearby occupiers include Heron Foods, William Hill, Leeds Building Society and Ladbrokes.

LOCATION

Tne property is central to Kingston upon Hulls main area of shopping.  It is under 200m from the citys Paragon rail station and located between the St Stephens and Princes Quay shopping centres which are both only approx 300m distant.

ACCOMMODATION

69 PARAGON STREET

GROUND FLOOR

Retail Unit / Cafe Premises (2,750 sq. ft / 255 sq. m)

With servary, lobby and toilets

Kitchen / Preparation Room (497 sq. ft / 46 sq. m)

Office (28 sq. ft / 2.6 sq. m)

Two Cold Stores (66  sq. ft / 6.1 sq. m)

Store (72 sq. ft / 6.7 sq. m)

Delivery Entrance (121 sq. ft / 11.2 sq. m)

BASEMENT / Plant Room (1,822 sq. ft / 169.3 sq. m)

FIRST FLOOR

Canteen (331 sq. ft / 30.8 sq. m)

Two WCs

71 PARAGON STREET

Retail Unit (705 sq. ft / 65.5 sq. m)

Kitchen / Preparation Room (148 sq. ft / 13.8 sq. m)

WC 

Store (104 sq. ft / 9.7 sq. m)

16-20 SOUTH STREET, HU1 3QG

Retail Unit (1,375 sq. ft / 128 sq. m)

Store (125 sq. ft / 11.7 sq. m)

10-12 SOUTH STREET (JULIES ACCESSORIES)

Retail Unit (197 sq. ft / 18.3 sq. m)

Lobby with WC

EXTERNAL

Access for deliveries to the three vacant units is available from a shared vehicle courtyard south of the building.

Services

All mains services are available.  Gas radiator central heating is installed in 69 Paragon Street.

Tenure

Long leasehold - 999 years from 11/11/2019.

Possession

The property is offered with vacant possession upon competion with the exception of 10-12 South Street which is let on a licence at a rental of £6,500 per annum.

Viewings

Strictly by appointment with the auctioneers on 01482 866844.

Solicitors

Mr Craig Beetham, Gosschalks, Queens Gardens, Hull, HU1 3DZ.  Telephone: 01482 324252.  Email: cb@gosschalks.co.uk

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 14th March 2022 and closing on Wednesday 16th March 2022 at 3.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire

Conditions of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneers offices, with the solicitors and on-line at www.auctionhouse.uk.net/hullandeastyorkshire prior to the date of the auction.

Guide Price

*Guides are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Additional Fees (Including VAT):

Administration Charge - 0.3% of purchase price

Buyers premium - £480

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

Online Bidding

If you are wanting to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process:

youtube.com/watch?v=ImXr4HXR36c

• Virtual freehold retail investment
• 4 shop units (1 let)
• Total 5,150 sq ft 478 sq m sales
• City centre position
• Excellent frontages
• Large cafe/restaurant unit
• Current income £6,500pa