10 Samman Road, Beverley, East Riding Of Yorkshire, HU17
Size
1,145
Tenure
Leasehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- Comprises ground floor retail shop t/a William Hill
- Let until January 2038. Rent review and tenant break option in 2033.
- VAT is NOT applicable to this property
- Occupiers close by include Lloyds Pharmacy, One Stop and a number of local retailers
Description
Gross Initial Yield: 7.56%
Rental Income: £11,725 p.a.
VAT is NOT applicable to this property
Comprises ground floor retail shop t/a William Hill
Let until January 2038. Rent review and tenant break option in 2033.
Occupiers close by include Lloyds Pharmacy, One Stop and a number of local retailers serving a predominantly residential area.
Property Description:
Comprises end-of-terrace ground floor shop with double frontage currently t/a William Hill betting shop, providing the following accommodation and dimensions:
Ground Floor: 106.40 sq m (1,145 sq ft)
Open plan retail, kitchen, office, wc
Tenancy:
The property is at present let to William Hill Organization Ltd for a term of 15 years from 10th January 2023 at a current rent of £11,725* p.a. and the lease contains full repairing and insuring covenants. Rent review in January 2033 open market upward only. Tenant option to determine in January 2033 with min 6 months notice.
* Tenant currently pays rent of £10,000 p.a. CPI linked rent review 10.01.28 (annualised). Approximate rental increase to £11,725 p.a. Vendor will top up rent so the buyer receives the equivalent to £11,725 p.a. from sale completion.
Tenure:
Long leasehold. Held on a lease for a term of years from 29th February 1995 expiring 17th January 2113 at a current ground rent of £10 per annum.
Location:
Beverley is an attractive market town which is famous for its 15th Century Minster and Racecourse and is located 8 miles north of Hull. There are good road communications being located at the junction of the A164 and A1035 some 11 miles to the north-east of the M62 (Junction 38). The property is situated on the north of Samman Road between its junctions with Coltman Avenue and Wilberforce Crescent. Occupiers close by include Lloyds Pharmacy, One Stop and a number of local retailers serving a predominantly residential area.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Floors in building
- 1
- Tenure
- Leasehold
- Length of lease
- 88 years left
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
10 Samman Road, Beverley, East Riding Of Yorkshire, HU17
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
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Disclaimer - Property reference sammanroad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by BLUE ALPINE PARTNERS LIMITED, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.