bude road, bransholme hull, hu7 4ea - PPH Commercial
BUDE ROAD, BRANSHOLME HULL, HU7 4EA DEVELOPMENT SITE 1.84 ACRES
Chartered Surveyors & Commercial Property Consultants
LOCATION The site is situated on the roundabout junction at the conflux of Bude Road, Wawne Road and Holwell Road, approximately 4 miles north of Hull City Centre in a busy residential area. Traffic counts in respect of the site have been undertaken by the Waterman Group during weekday peak hours 1600 to 1700. They are currently approximately 3,000 vehicles using the roundabout. The site will obviously be visible to all these users.
SUMMARY
Consent in place for 1,475 sq m (15,877 sq ft) Food Retail Store Suitable for alternative uses such as Daycare/Nursery/Nursing or Residential Care Home (subject to planning consent) High Profile Prominent Location Access to 30,000 Surrounding Population Available as either a Development Site, Turn Key Design and Build or Rental Package
The site also has the advantage that there are other restrictive covenants restricting any council owned adjacent land within an immediate wide local area being developed for retail use.
TERMS
Net Area of Total Site
1.84 acres approx.
LEGAL COSTS The Purchaser/Tenant will be responsible for the all legal costs incurred in this transaction, subject to a pre-agreed cap, and any Stamp Duty payable thereon.
CONTACTS Nick Pearce 01482 626900 07774 100262 [email protected]
The site can be offered on the following basis:
Turn Key Design and Build Development A rental transaction on the food store based on new 25 year lease with 5 yearly rent reviews and a minimum uplift of 3% per annum. New freehold preceded by a building agreement.
Ben Cooper 01482 626912 07702 671380 [email protected] Date: January 2018
File Ref: 8987
SERVICES Purchasers must make their own investigations regarding services to and from the site, although the sellers will be pleased to make available information they have in their possession.
PLANNING CONSENT Planning permission for a new 15,877 sq ft food store has been granted and it will also be subject to a building agreement that is to be completed within 18 months of the start on site. The planning consent is also subject to a Section 106 agreement with set financial contributions. Details are available from the agent.
VAT The site is subject to VAT and this will be charged on all payments made to the seller.
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.
The Hesslewood Estate Ferriby Road Hessle, HU13 0LG 01482 648888 pph-commercial.co.uk
Chartered Surveyors & Commercial Property Consultants
LOCATION The site is situated on the roundabout junction at the conflux of Bude Road, Wawne Road and Holwell Road, approximately 4 miles north of Hull City Centre in a busy residential area. Traffic counts in respect of the site have been undertaken by the Waterman Group during weekday peak hours 1600 to 1700. They are currently approximately 3,000 vehicles using the roundabout. The site will obviously be visible to all these users.
SUMMARY
Consent in place for 1,475 sq m (15,877 sq ft) Food Retail Store Suitable for alternative uses such as Daycare/Nursery/Nursing or Residential Care Home (subject to planning consent) High Profile Prominent Location Access to 30,000 Surrounding Population Available as either a Development Site, Turn Key Design and Build or Rental Package
The site also has the advantage that there are other restrictive covenants restricting any council owned adjacent land within an immediate wide local area being developed for retail use.
TERMS
Net Area of Total Site
1.84 acres approx.
LEGAL COSTS The Purchaser/Tenant will be responsible for the all legal costs incurred in this transaction, subject to a pre-agreed cap, and any Stamp Duty payable thereon.
CONTACTS Nick Pearce 01482 626900 07774 100262 [email protected]
The site can be offered on the following basis:
Turn Key Design and Build Development A rental transaction on the food store based on new 25 year lease with 5 yearly rent reviews and a minimum uplift of 3% per annum. New freehold preceded by a building agreement.
Ben Cooper 01482 626912 07702 671380 [email protected] Date: January 2018
File Ref: 8987
SERVICES Purchasers must make their own investigations regarding services to and from the site, although the sellers will be pleased to make available information they have in their possession.
PLANNING CONSENT Planning permission for a new 15,877 sq ft food store has been granted and it will also be subject to a building agreement that is to be completed within 18 months of the start on site. The planning consent is also subject to a Section 106 agreement with set financial contributions. Details are available from the agent.
VAT The site is subject to VAT and this will be charged on all payments made to the seller.
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.
The Hesslewood Estate Ferriby Road Hessle, HU13 0LG 01482 648888 pph-commercial.co.uk
