1 November 2023: Wednesday 01 November 2023 - 9:00am
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    Key features

    • Large Basement Commercial Space
    • 2,522 sq ft (235 sq m)
    • Currently Laid Out as Offices
    • Vacant Possession
    • Potential For Alternative Uses (subject to planning)
    • Landmark Character Building in City Centre
    • Established Commercial and Residential Location

    Description

    The property comprises a vacant, lower ground floor, office space of 2,522 sq ft (235 sq m).

    Set within a Grade II listed building, the property currently provides a mix of open plan and private office space, with several storage areas. The property could be suited to alternative uses, such as residential, subject to obtaining the necessary consents.

    The property may also be suitable for conversion to a business centre, creating a secure, multi-let investment (ERV £30,000 per annum).

    Situated on George Street, the property occupies a prominent location in the heart of Hull City Centre, with the principal retail amenities and the rail station within 5 minutes walking distance.

    Hull has benefitted from increased investment following its designation as the UK Capital of Culture in 2017. In particular the city has enjoyed large amounts of investment in the green energy sector, including offshore wind, solar and battery storage, this has in turn led to an increase in housing values and office take-up.

    Additional information

    Tenure

    Leasehold - Expires 15/11/2133 paying a peppercorn rent

    Notes

    Please note the site areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Hull is a major regional centre as well as a popular University City. It lies on the Humber Estuary about 60 miles east of Leeds and can be accessed via the A63 and A165. The city is served by Hull Railway Station as well as nearby Humberside Airport.

      Transport

      On Foot

      • Hull Rail Station - 0.4 miles
      • Prospect Shopping Centre - 0.3 miles
      • Hull College - 0.2 miles

      Rail

      • Leeds - 54 mins
      • York - 69 mins
      • Doncaster - 52 m

      Legal documents

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      EPC rating

      The EPC rating for this property is D

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums