73 george street hull, hu1 3au AWS
GEORGE HOUSE, 67/73 GEORGE STREET HULL, HU1 3AU
OFFICE INVESTMENT/ REFURBISHMENT OPPRTUNITY FOR SALE
Chartered Surveyors & Commercial Property Consultants
LOCATION George House is located to the north side of George Street close to the corner of its junction with Grimston Street, in the heart of Hull city centre. The property is a major six storey office complex within easy walking distance of the city’s new bus and railway interchange as well as all the other business, shopping and leisure facilities offered in the heart of this major city.
SERVICE CHARGE
SUMMARY
High profile office complex in superb city centre location Ground and first floor currently let Upper floors currently vacant with opportunity to refurbish or redevelop In total over 32,000 sq ft NIA Freehold available
ACCOMMODATION The accommodation measured on a net internal area basis briefly comprises: Basement Storage Ground Floor Offices First Floor Offices Second Floor Offices Third Floor Offices Fourth Floor Offices Fifth Floor Offices Sixth Floor Offices Total (excluding basement)
Sq m 363 302.88 510.7 512 513.3 508.57 372.6 258.31 2,978.36
Sq ft 3,907 3,260 5,497 5,511 5,525 5,474 4,071 2,781 32,119
There is a provision for a service charge to be charged within the leases.
VAT The property is registered for VAT
PROPOSAL We are instructed to seek offers in excess of £675,000 subject to contract and exclusive of VAT.
EPC
D 96 A copy of the Certificate and Recommendation Report is available on request.
CONTACTS TERMS The property is available for sale.
DESCRIPTION George House comprises an impressive quality office building arranged over 6 floors with many having fantastic views over the city. In total the building provides over 32,000 sq ft of net office space arranged in suites from 2,700 sq ft.
EXISTING LEASES
The building has a prestigious ground floor reception with 2 lifts servicing all floors. The ground and first floors are currently let with the upper floors vacant. The building provides an excellent opportunity for increasing the income through active asset management as continued use as an office building or potential redevelopment subject to any necessary consents.
The first floor is let on a lease to Simplified Digital Ltd for a term commencing on 15th July 2016 with a tenant only break option at the end of the 3rd year subject to a rental of £32,982 per annum
There are currently 2 existing leases, the ground floor is let to ResQ Ltd for a term of 6 years commencing 15th July 2016 with a tenant only break option at the end of the 3rd year at a rental of £15,000 per annum.
PROPERTY MISREPRESENTATION, MISDESCRIPTION & FINANCIAL SERVICES ACTS PPH Commercial Limited for themselves and for their clients of this property, give notice that: (i) these particulars are a general outline only and do not constitute the whole or any part of an offer or contract; (ii) PPH Commercial Limited cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use or other details contained herein. Prospective purchasers or tenants must satisfy themselves as to their accuracy; (iii) no employee of PPH Commercial Limited has any authority to make or give any representation or warranty or enter into any contract in relation to the property; (iv) rents or prices quoted in these particulars may be subject to VAT in addition.
Ben Cooper 01482 626912 07702 671380 [email protected]
Nick Pearce 01482 626900 07774 100262 [email protected] Date: January 2018
File Ref: 12589/1
The Hesslewood Estate Ferriby Road Hessle, HU13 0LG 01482 648888 pph-commercial.co.uk
OFFICE INVESTMENT/ REFURBISHMENT OPPRTUNITY FOR SALE
Chartered Surveyors & Commercial Property Consultants
LOCATION George House is located to the north side of George Street close to the corner of its junction with Grimston Street, in the heart of Hull city centre. The property is a major six storey office complex within easy walking distance of the city’s new bus and railway interchange as well as all the other business, shopping and leisure facilities offered in the heart of this major city.
SERVICE CHARGE
SUMMARY
High profile office complex in superb city centre location Ground and first floor currently let Upper floors currently vacant with opportunity to refurbish or redevelop In total over 32,000 sq ft NIA Freehold available
ACCOMMODATION The accommodation measured on a net internal area basis briefly comprises: Basement Storage Ground Floor Offices First Floor Offices Second Floor Offices Third Floor Offices Fourth Floor Offices Fifth Floor Offices Sixth Floor Offices Total (excluding basement)
Sq m 363 302.88 510.7 512 513.3 508.57 372.6 258.31 2,978.36
Sq ft 3,907 3,260 5,497 5,511 5,525 5,474 4,071 2,781 32,119
There is a provision for a service charge to be charged within the leases.
VAT The property is registered for VAT
PROPOSAL We are instructed to seek offers in excess of £675,000 subject to contract and exclusive of VAT.
EPC
D 96 A copy of the Certificate and Recommendation Report is available on request.
CONTACTS TERMS The property is available for sale.
DESCRIPTION George House comprises an impressive quality office building arranged over 6 floors with many having fantastic views over the city. In total the building provides over 32,000 sq ft of net office space arranged in suites from 2,700 sq ft.
EXISTING LEASES
The building has a prestigious ground floor reception with 2 lifts servicing all floors. The ground and first floors are currently let with the upper floors vacant. The building provides an excellent opportunity for increasing the income through active asset management as continued use as an office building or potential redevelopment subject to any necessary consents.
The first floor is let on a lease to Simplified Digital Ltd for a term commencing on 15th July 2016 with a tenant only break option at the end of the 3rd year subject to a rental of £32,982 per annum
There are currently 2 existing leases, the ground floor is let to ResQ Ltd for a term of 6 years commencing 15th July 2016 with a tenant only break option at the end of the 3rd year at a rental of £15,000 per annum.
PROPERTY MISREPRESENTATION, MISDESCRIPTION & FINANCIAL SERVICES ACTS PPH Commercial Limited for themselves and for their clients of this property, give notice that: (i) these particulars are a general outline only and do not constitute the whole or any part of an offer or contract; (ii) PPH Commercial Limited cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use or other details contained herein. Prospective purchasers or tenants must satisfy themselves as to their accuracy; (iii) no employee of PPH Commercial Limited has any authority to make or give any representation or warranty or enter into any contract in relation to the property; (iv) rents or prices quoted in these particulars may be subject to VAT in addition.
Ben Cooper 01482 626912 07702 671380 [email protected]
Nick Pearce 01482 626900 07774 100262 [email protected] Date: January 2018
File Ref: 12589/1
The Hesslewood Estate Ferriby Road Hessle, HU13 0LG 01482 648888 pph-commercial.co.uk
