Kingston Road, Willerby, Hull

Hull, Yorkshire, HU10 6AD

£625,000

To book a viewing, call: 01482 375212

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Key Features

  • Investment Oppotunity
  • 5 Units
  • Prominent Position
  • Rent Roll £47,900 p.a.
  • Mixed Retail & Offices
  • Recognised Retail/Office Area
  • Willerby Square
  • 7.66% Gross Return

Introduction

Located in the sub-urban village 5 miles west of Hull, the property overlooks the recognised local trading and retail area commonly known as "Willerby Square" which is predominated by a roundabout junction, the B1232 Kingston Road forming one of Hulls main arterial roads leading west from the city which then continues as Beverley Road to connect to the A164 Humber Bridge approach road. Beverley Road, from "Willerby Square" continues to the neighbouring suburban villages of Kirkella and Anlaby.

Location

Located in the sub-urban village 5 miles west of Hull, the property overlooks the recognised local trading and retail area commonly known as "Willerby Square" which is predominated by a roundabout junction, the B1232 Kingston Road forming one of Hulls main arterial roads leading west from the city which then continues as Beverley Road to connect to the A164 Humber Bridge approach road. Beverley Road, from "Willerby Square" continues to the neighbouring suburban villages of Kirkella and Anlaby.

Description

The property comprises of a two story mixed retail and office unit of brick construction beneath a mixed slate roof on the north side of Kingston Road split into three units to the ground floor and with two office users to the upper floor. Occupiers include Quick & Clark estate agents, Payne & Payne solicitors, Adele Withers Hair & Beauty, Prestige Support Personal Security and 'The Little Sandwich Shop'.

Accommodation

The selling agents have not had the opportunity to measure the accommodation of each of the separate units. The accommodation below is that as measured on a net intern area (NIA) and taken from the Valuation Office List Rating Assessment as published on the GOV.UK website.

1 Kingston Road - Quick & Clarke Estate Agents (ground floor), comprising: sales display, office, store, shared kitchen and WC
42.3 m² (455 ft²)

1a Kingston Road - House of Hair & Beauty (ground floor), comprising of salon, treatment room, kitchen and WC
28.9 m² (311 ft²)

1 Kingston Road - Payne & Payne Solicitors (first floor) 3 x offices, stores , kitchen and WC.
68.3 m² (735 ft²)

1 Kingston Road - Prestige Support & Security (first floor) office and WC
32.2 m² (346 ft²)

1 Kingston Road - The Little Sandwich Shop (ground floor, rear) food prep and service area, shared staff kitchen and WC.
(not identified on Rating List)

Lease terms

The properties are let on full and basic lease agreements with rents payable quarterly in advance, tenants historically being responsible for internal repairs and exterior window joinery including redecorations, together with reimbursement of the landlords insurance premium, services being separately metered and charged again quarterly. Details of individual passing rents for each of the units are available through further enquiries.

Quick & Clarke Estate Agents: believed to be holding over from a lease expired 31st October 2018, rent reviewed at this time.

House of Hair & Beauty: lease commenced 1st March 2019 for a three year term

Payne & Payne Solicitors: believed to be holding over from a lease expired 31st March 2014

Prestige Support & Security: lease believed to have been extended for three years as from 1st February 2017

The Little Sandwich Shop: lease commenced 26th August 2019 for a two year term.

Business rates

The premises are included in the 2017 Valuation List with the following descriptions and rateable values:

1 Kingston Road - Quick & Clarke Estate Agents - Shop & Premises - £8,300
1a Kingston Road - House of Hair & Beauty - Shop & Premises - £5,400
1 Kingston Road - Payne & Payne Solicitors - Offices & Premises - £5,500
1 Kingston Road - Prestige Support & Security - Offices & Premises - £3,900
1 Kingston Road - The Little Sandwich Shop - (not identified on Rating List)

Energy performance certificate (epc)

The property has an Energy performance Asset Rating in Band D (reading 87), a copy of the EPC together with the Recommendation Report are available from the sole agents.

Services

All mains services are connected to the property.

Tenure

The Feeehold interest is available.

Vat

It is understood that VAT would not be charged in addition to the purchase price.

Viewing

The property is offered by Private Treaty and viewing is strictly by appointment with the sole agent on (01482) 375212 (Ref - MJB)

Property Location



Property Agents Hull & East Yorkshire

Leonards are an independent partnership established in 1884 as a mixed practice firm of land and estate agents, letting agents, property managers, chartered surveyors and valuers in Hull and East Yorkshire. With such experience comes in depth knowledge meaning we uphold our traditional values whilst providing a modern professional service that is tailored to your individual needs. We not only aim to market your property, but with our helpful and enthusiastic staff we aim to achieve a high level of customer service leading to a successful conclusion of your property transaction.

Head Office

  • 512 Holderness Road
  • Hull
  • East Yorkshire
  • HU9 3DS

Brough Office

  • 59 Welton Road
  • Brough
  • East Yorkshire
  • HU15 1AB


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