October 2022: Tuesday 04 October 2022 - 9:00am
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    Key features

    • Investment Let at £59,000 pa (plus fully vacant upper parts)
    • Bar/Nightclub let to Future Proof Pubs Limited for 20 years from 2017 (expiring June 2037, subject to break option in 2027)
    • Potential Change of Use/Development Opportunity on the upper floors (subject to necessary consents)
    • Substantial building comprising approximately 979 sq m (10,558 sq ft) plus ground floor/basement not measured
    • Nearby occupiers include Superdrug, Vodafone, JD Sport, Clarks, schuh, H&M, Next and Superdry. Other nearby occupiers include Sports Direct, Costa Coffee, the Purfume Shop and wilko

    Description

    The property comprises a substantial ground and basement floor public house/nightclub with office accommodation on the first, second, third and fourth floors which is currently vacant.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note that the areas have been provided by the client and the property has not been inspected by Savills.


    Tenancy

    (1) The tenant benefits from a break clause dated October 2025

    (2) Please note the lease has been signed but the tenant has not moved in and is not currently paying any rent

    (3) The lease is subject to a break option on 14 June 2027 - please see lease in the legal pack

    Planning

    The property may benefit from change of use/development potential, subject to the necessary consents. For further information please contact Hull City Council (www.hull.gov.uk/planning).


    Rent

    £59,000
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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

      Kingston upon Hull is a port city and unitary authority in the East Riding of Yorkshire, approximately 8 miles south of Beverley and 36 miles south-east of York. The property is situated in a prominent corner position on the corner of Mill Street, Brook Street, and the main Ferensway. The property is less then 300ft from Hull Train Station and opposite the St Stephens Shopping Centre and Prospect Shopping Centre with retailers including Superdrug, Vodafone, JD Sport, Clarks, schuh, H&M, Next and Superdry. Other nearby occupiers include Sports Direct, Costa Coffee, the Purfume Shop and wilko.

      Transport

      8 miles south of Beverley

      36 miles south-east of York


      Train - Hull

      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.

      Addendums