NEW ON! Retail, Hull | nt3.co.uk

nt3.co.uk

Chartered Surveyors

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NEW ON! Retail, Hull

The premises are located in Hull City Centre fronting Princes Dock Street, which links Castle Street and Whitefriargate, whose retailers include Marks & Spencer, W H Smith and Burtons Menswear. No.16 is approximately mid way along Princes Dock Street and opposite one of the main entrances to Princes Quay Shopping centre.

The Quayside itself provides an attractive environment in which to eat and drink and is the subject of ongoing investment by Princes Quay’s management including proposals for glass screens to enhance the al-fresco experience, and potential site of the Hull Eye visitor attraction.

No. 16 is a ground floor property measuring 117 m2 /  1260 ft2 with planning for Café use and a license for late night drinking.  An outside area, suitable for up to 70 seats is also available on a separate 10 year lease.

The premises are in a central location with excellent footfall during both day and night, as visitors travel between Princes Quay and Whitefriargate by day, and to Ask Restaurant and a variety of other clubs and venues in the evening.  No.16 is well presented internally having completed  a recent refurbishment programme.

The premises are immediately available via the assignment of an existing Lease with the Rent Passing being £20,000 per annum.  The current Lease is for 30 years from December 2000, due to expire in December 2030, and with the benefit of a Tenants Break Option in December 2020.

The outside area was negotiated separately and is available on a separate Lease for 10 years from July 2010 at a Rent Passing of £3,750 a year subject to Review in 2015.

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