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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

    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.

    Additional information

    Tenure

    Freehold

    Accommodation

    6 x 300kw 12 bay charging hub

    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.

    Rent

    £30,600 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Prospective purchasers must reply upon their own enquiries prior to bidding. Please refer to the legal pack.

    The property is elected for VAT however we believe that the sale can be treated as TOGC (Please refer to the legal pack)

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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

      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.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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.

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