Holderness Road, Hull, East Riding Of Yorkshire, HU9

Location:
The property is situated approximately 1.5 miles east of Hull city centre on the main arterial route into the city from the north east. Holderness Road remains a popular retail pitch with a range of national and independent occupiers such as; Boots, Cashino, William Hill and Heron Frozen Food.

Ground floor comprises of the main banking area, cashier and counting area strongroom and store. First floor offices/stores and second floor derelict former residential area.

The former bank occupies a double unit on a prominent corner benefitting from a return frontage and 2 private off car parking spaces. It represents a good redevelopment opportunity with the possibility of converting the upper floors into residential use subject to the necessary planning consents.

Sale Price:
Offers in the region of £250,000.

Tenure:
Freehold.

Accommodation:
The premises comprise the following approximate net internal floor areas:

Demise:
Ground Floor 1,700 sq.ft. 157.90 sq.m.
First Floor 1,000 sq.ft. 92.90 sq.m.
Second Floor 485 sq.ft. 45.10 sq.m.
TOTAL 3,185 sq.ft. 295.90 sq.m.

Business Rates:
The premises currently has a Rateable Value of £23,500.

From 1st April 2023 the 2023/24 retail, hospitality and leisure business rates relief scheme will provide occupied retail, hospitality and leisure properties with a 75% relief up to a cash cap limit of £110,000 per business. More detail including rules on eligibility can be found at Gov.uk.

EPC:
Energy Performance Asset Rating - E

Legal Costs:
Each party to be responsible for their own legal and professional costs incurred in this transaction.

VAT:
Unless otherwise stated, all prices/rents are quoted exclusive of VAT.

Date prepared:
August 2023

In accordance with the current Anti-Money Laundering (AML) Regulations, the purchaser/occupier will be required to satisfy the Vendor and their agents regarding the source of the funds used to complete the transaction.