147 Hedon Road, Hull, HU9 1AY
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- To be offered on Wednesday 14 May
- Situated next to established, busy Lidl and newly constructed Costa Drive Thru
- Newly constructed 6 x 300kw 12 bay charging hub
- Let to Zood Infrastructure Limited for 30 years from July 2023
- The site is operated by BP Pulse
- Annual upward only uncapped CPI rent reviews
- Investment let at £30,600 pa (7.65% GIY on guide)
Description
StrapLine
Auction Sale - 13/05/2025A Freehold Electric vehicle charging Hub investment.
Let on a 30 lease from July 2023 at £30,600 p.a. with annual Upwards only CPI rent reviews
Description
Constructed in 2023, the site is located to the rear of the Costa Coffee Drive Thru and comprises an operational 12 bay electric vehicle charging point (EVCP Hub). There is access across the Costa Coffee development. The tenant has procured the electricity connection to the landlord’s infrastructure of substation groundworks, concrete charge bases and tarmacadam finishing to 12 charging bays. The hub consists of six 300KW dual bay chargers plus an LV unit. That equipment is in the ownership of the tenant.
The charging hub is leased to Zood Infrastructure Limited (Company No 12159257) for 30 years from 14 July 2023. The initial rent was increased at the first annual rent review to £30,690 pa and there are annual reviews to uncapped CPI increases on the anniversary of the term. There is a full repairing and insuring responsibility and the lease is contracted outside of the security of tenure provisions of the Landlord & Tenant Act 1954.
The site is operated by BP Pulse.
The property is located to the rear of the recently constructed Costa Coffee Drive Thru adjacent to the Lidl supermarket.
Location
The property is located in the city of Hull approximately 1 mile east of the City Centre with the Port and Ferry Terminal 2½ miles to the west. Hull is a thriving Port with a population in excess of 300,000 people and easily accessible from the M62 which, via theA63 which becomes Hedon Road. Local employers include national companies such as Kcom, Reckitt Benckiser Smith &Nephew as well as BP and BA Systems.
The property is extremely visible and is located at Mount Pleasant North roundabout from where the A1165 leads to the Mount Retail Park. In accordance with the Department of Transport Traffic Counts the A63 has approximately 40,000 daily vehicle movements.
Tenancy
- Let to Zood Infrastructure Limited (Site operated by BP Pulse)
- Let on a 30 year FR&I lease from July 2023
- Contracted outside of the security of tenure provisions of the Landlord & Tenant Act 1954
- Annual upward only uncapped CPI rent reviews
- Investment let at £30,600 p.a.
Accommodation
6 x 300kw 12 bay charging hub
147 Hedon Road, Hull, HU9 1AY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hull Station1.3 miles
- New Holland Station3.6 miles
- Cottingham Station4.4 miles
Notes
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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