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77, King Edward Street, Hull
The subject property occupies a good secondary location within the city centre on busy King Edward Street. The Prospect Shopping Centre is located immediately adjacent with Debenhams and St Stephen’s Shopping Centre close by.
Tenants along King Edward Street include Au Naturale/ Ethel Austin, Savers, Woodhead Bakers, Boots, Herbert Brown and Starbucks.
The premises comprise the following approximate net internal floor areas:-
|Internal Width||19' 0"||6|
|Demise||Sq. ft.||Sq. m.|
|Ground Floor Sales||1,070||99|
|First Floor Ancillary||1,040||97|
|Second Floor Ancillary||580||54|
We are seeking rental offers in the order of £32,500 per annum exclusive, subject to the overall terms of the lease.
The unit is offered on a new 10 year fully repairing and insuring lease, subject to an upwards only rent review at the end of year 5.
We understand that the unit is assessed under the 2010 revaluation at £37,750. From 1 April 2012 the Rates Payable will be £17,289.50 per annum.
Interested parties should satisfy themselves as to the rateable value and business rates payable by making their own enquiries with the Rates Department at Hull City Council.
Each party to be responsible for their own legal and professional costs incurred in this transaction.
Unless otherwise stated, all prices/rents are quoted exclusive of VAT.