FOR SALE - Property Pilot
FOR SALE 13-14 JOHN STREET HULL HU2 8DH Trading as Garden Mews Hotel, Bed & Breakfast. Suitable for investment with future development. Currently held on a 3 year FRI lease from 4th February 2016 paying £20,000 p.a. Situated close to Hull New Theatre and benefits from all City Centre amenities. Investment reflects 6.8% net initial yield a er purchaser's costs of 3.12%.
HOTEL Price
Enquiries
£285,000
Paul White DDI: 01482 312366 [email protected]
Jonathan Barker DDI:01482 312367 [email protected]
Location
Tenure
The premises are located within an established mixed residential and commercial terrace forming the north side of an attractive City square including landscaped gardens within the central area of Hull. Notable properties within the immediate vicinity include Hull New Theatre and ongoing projects for City Centre living flats and the Maltings office. The premises benefit from having easy access to Albion Street car park as well as the main transport interchange which is a short walk away.
Freehold subject to the existing tenancy.
Description 13-14 John Street forms part of a terrace of similar period properties. Two properties have been amalgamated on both ground and basement levels with first and second floor access provided by way of separate staircase in 13 and 14 John Street. The property comprises of 13 letting rooms and various facilities. There is a separate bar, lounge and dining area which serves the ground floor with kitchen facilities. The premises are to a good specification and run by a family who live on site.
EPC Rating
Tenancy Information The premises are held on a full repairing and insuring lease from 4th February 2016 whereby the tenant is paying £20,000 per annum. Rental payments are on the standard quarter dates.
Price We have been appointed to seek offers in the region of £285,000.
Service Charge There is no service charge applicable to this property.
Accommodation SQ FT
SQ M
Basement
514
47.75
Ground Floor
1,820
169.08
First Floor
1,440
133.78
Second Floor
707
65.68
GARNESS JONES CHARTERED SURVEYORS 79 Beverley Road, Hull, HU3 1XR Garness Jones Ltd for themselves and for the vendors or lessors of the property whose agents they are, give notice that i) Particulars are set out as a general outline only intended for the guidance of intended purchasers or tenants and do not constitute, nor constitute part of, an o er or contract. ii) All descriptions, dimensions, references to conditions and necessary permission or use and occupation and other details are given in good faith and are believed to be correct, but any intended purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. iii) The vendor or lessor does not make and neither Garness Jones Ltd nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property. © Crown Copyright 2005. All rights reserved. Licence number 100010906. VALUE ADDED TAX Value Added Tax may be payable on the purchase price and/or the other charges or payments. All figures quoted are exclusive of VAT. Intending purchasers and lessors must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice.
HOTEL Price
Enquiries
£285,000
Paul White DDI: 01482 312366 [email protected]
Jonathan Barker DDI:01482 312367 [email protected]
Location
Tenure
The premises are located within an established mixed residential and commercial terrace forming the north side of an attractive City square including landscaped gardens within the central area of Hull. Notable properties within the immediate vicinity include Hull New Theatre and ongoing projects for City Centre living flats and the Maltings office. The premises benefit from having easy access to Albion Street car park as well as the main transport interchange which is a short walk away.
Freehold subject to the existing tenancy.
Description 13-14 John Street forms part of a terrace of similar period properties. Two properties have been amalgamated on both ground and basement levels with first and second floor access provided by way of separate staircase in 13 and 14 John Street. The property comprises of 13 letting rooms and various facilities. There is a separate bar, lounge and dining area which serves the ground floor with kitchen facilities. The premises are to a good specification and run by a family who live on site.
EPC Rating
Tenancy Information The premises are held on a full repairing and insuring lease from 4th February 2016 whereby the tenant is paying £20,000 per annum. Rental payments are on the standard quarter dates.
Price We have been appointed to seek offers in the region of £285,000.
Service Charge There is no service charge applicable to this property.
Accommodation SQ FT
SQ M
Basement
514
47.75
Ground Floor
1,820
169.08
First Floor
1,440
133.78
Second Floor
707
65.68
GARNESS JONES CHARTERED SURVEYORS 79 Beverley Road, Hull, HU3 1XR Garness Jones Ltd for themselves and for the vendors or lessors of the property whose agents they are, give notice that i) Particulars are set out as a general outline only intended for the guidance of intended purchasers or tenants and do not constitute, nor constitute part of, an o er or contract. ii) All descriptions, dimensions, references to conditions and necessary permission or use and occupation and other details are given in good faith and are believed to be correct, but any intended purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. iii) The vendor or lessor does not make and neither Garness Jones Ltd nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property. © Crown Copyright 2005. All rights reserved. Licence number 100010906. VALUE ADDED TAX Value Added Tax may be payable on the purchase price and/or the other charges or payments. All figures quoted are exclusive of VAT. Intending purchasers and lessors must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice.
