FOR SALE High quality multi-let office & café investment opportunity Kingston House + Townhouse SAXON WAY, PRIORY PARK, HULL, HU13 9PB Kingston House + Townhouse SAXON WAY, PRIORY PARK, HULL, HU13 9PB
INVESTMENT SUMMARY
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- High quality multi-let office and café investment opportunity. - Desirable position on a well-established Business Park. - Centrally located, less than 5 miles from Hull City Centre. - Excellent transport links, both to the national motorway network and east coast ports. - Fully self-contained site. - Multiple leases in place. - Passing rent of £98,814 with an ERV when fully let of £159,564. - Good asset management opportunities. A1237 A59 Harrogate
York A1237
A64 Wetherby A1(M)
45 Colton Tadcaster Ln Broad Ln Oxton Ln Bolton A162 Percy A19 44 A64 Towton A64 B1223
A6120 Beverley A6120 Cawood
B1222 47 Bradford A1(M) Leeds 46 Kingston House + Townhouse A63 Selby South Milford 45 A650 M621 A63 A63 SAXON WAY, PRIORY PARK, HULL, HU13 9PB 44 M1 42 43 Kingston Upon Hull A653 CLOSE LINKS TO A63, M62, M1, 37 M62 29 Hessle M62 42 30 A19 CLIVE SULLIVAN WAY. Castleford M62 M1 31 32a A650 Knottingly A638 Rawclie Goole 33 34 Barrow Upon A644 Pontefract Wakeeld M62 35 Humber Dewsbury A638 Kingston House + Townhouse A628 Winterton
A1 Weymouth M1 A19 Hensworth A638 6
Thorne Royston 5 A628 1 Scunthorpe
38 Hateld
A628 2 M181 A1(M) A19 Grimsby A638 M180 3 Barnsley Belton 37 A635 A630 37 M18 A635 4 A628 Amthorpe M180 HULL INTERCHANGE LIES WITHIN Womwell Doncaster A18 A 5 MILE RADIUS, AND HAS DIRECT 36 A6182 M1 3 SERVICES TO PRIORY PARK. 35 2 New Rossington A638
Bawtry Rotherham 1 Harworth
Sheeld 32 34 LOCATION +
Priory Park is a ‘Henry Boot Development Project’ completed over 28 years, and extends to over 150 acres. The park is split in to Priory Park East and SOUTH HESSLE TRAIN STATION
B 12 LIES WITHIN A 2 MILE RADIUS. West, and is home to a host39 of high-profile business’s such as Mercedes,
P
R E S A63 Volkswagen, Jaguar, Royal MailT and Audi. O N A R OA
D 1 B12 0 The location benefits from superb road links to M62/A63 and Hull’s main 32 7 D R 9 S A E Park & Ride. The CliveH Sullivan Way runs adjacent to the park , which allows T 6 I A 3 A L 1 S 6 HULL easy access in to the city and national motorway network. 4 P A U L L 5 0 A wide range of leisure and shopping facilities are available within the 11 Kingston House + TownhouseA R D Brough vicinity; Sainsburys, Homebase and The Village Hotel, all lie within a one A63 A63 mile radius. Hessle HUMBERSIDE AIRPORT IS SITUATED
15 MILES FROM THE PROPERTY, Hessle Train Station is less than 2 miles away. RIVER HUMBER ACCESSIBLE WITHIN 30 MINUTES The office is easily accessible via Saxon Way, adjacent to the A63. DRIVE-TIME. Kingston House + Townhouse SAXON WAY, PRIORY PARK, HULL, HU13 9PB HULL THE HUMBER
A63
HULL ROAD
GREEN LANE
Kingston House + Townhouse SAXON WAY
TO THE HUMBER BRIDGE, DONCASTER AND LEEDS. Kingston House + Townhouse SAXON WAY, PRIORY PARK, HULL, HU13 9PB
DESCRIPTION +
- The property comprises two principal buildings within a self- contained site, which have been linked and developed to form one asset.
- The Townhouse comprises a masonry construction building with glazed viewing gallery to each floor, offering ground floor café and open plan office space on the upper two floors.
- Kingston House provides multiple self-contained office suites over three floors with a communal kitchen and passenger lift serving all floors. To the rear of the property there is a workshop with mezzanine floor and office.
- Traditional brick built offices.
- Various office suites available including open plan.
- Air-conditioning.
- Kitchen facilities.
- Gas central heating.
- Suspended ceilings.
- Recessed lighting.
- Allocated parking available. Kingston House + Townhouse SAXON WAY, PRIORY PARK, HULL, HU13 9PB
ACCOMMODATION +
ACCOMMODATION SQ FT SQ M
Kingston House Building 1 4,762 442.40
Kingston House Building 2 3,034 281.87
Kingston House Building 3 1,928 179.12
Kingston House Building 4 2,862 265.89
Townhouse 2,967 275.64
Townhouse Kingston House + Townhouse SAXON WAY, PRIORY PARK, HULL, HU13 9PB
TENANCY SCHEDULE + Kingston House Townhouse
BUILDING LEVEL USE FLOOR AREA OCCUPIER £/PA £ PER ERV TERM TERM COMMENTS (SQ FT) SQ FT PA START EXPIRY
KINGSTON HOUSE Ground Floor Suite 1 – 6 The Personal Finance Office 4,762 £55,016 £11.55 10/08/2015 09/08/2020 New lease under negotiation. Building 1 First Floor Suite 1 – 5 Centre Limited
KINGSTON HOUSE Reception Office Office 168 Vacant - - £2,520 - - Building 2 Ground Floor Suite 1 Office 316 HPSG Limited - - 01/09/2018 31/09/2028 Demise included within Building 4 Lease.
Rent shown is net of service charge at approximately Ground Floor Suite 2 Office 207 ITV Broadcasting £3,360 £16.23 16/11/2015 15/11/2020 £960 per annum. New lease under negotiation.
Ground Floor Industrial Stores Storage 261 HSPG Limited - - - 01/09/2018 31/09/2028 Demise included within Building 4 Lease.
First Floor Suite 3 - 4 Office 545 Vacant - - £8,175 - -
First Floor Suite 5 Office 202 Vacant - - £3,030 - -
Informal arrangement. Rent shown is net of service charge at First Floor Suite 6 Office 266 Lockwood Shipping £4,438 £16.68 N/A N/A approximately £985 per annum. New lease under negotiation.
Office 1,016 First Floor Suite 7 - 9 Vacant - - £16,035 - - Storage 53
KINGSTON HOUSE Reception 278 HRC Environmental Building 3 Ground Floor + First Floor Storage 679 £15,600 £8.09 01/03/2019 29/02/2020 Tenant currently holding over. Services Limited Office 971
KINGSTON HOUSE Office 401 Tenant break clause at any time after 1st October 2019 Building 4 Ground Floor + Mezzanine Workshop 1,473 HPSG Limited £12,000 £4.19 01/09/2018 31/09/2028 with 1 months written notice. Stores 988
TOWNHOUSE Café 693 Tenant break clause at anytime after 1st March 2020 Ground Floor Hessle Catering Limited £8,400 £8.70 01/06/2017 31/07/2022 Kitchen 268 with 6 months written notice.
First Floor + Second Floor Office 2,006 Vacant - - £30,990 - -
TOTALS Passing Rent £98,814
ERV £159,564 Please note that the above measurements have been provided by a third party. All interested parties should satisfy themselves in this regard. Kingston House + Townhouse SAXON WAY, PRIORY PARK, HU13 9PB
KINGSTON HOUSE Kingston House + Townhouse SAXON WAY, PRIORY PARK, HULL,HU13 9PB HU13 9PB
TOWNHOUSE Kingston House + Townhouse SAXON WAY, PRIORY PARK, HULL, HU13 9PB
FURTHER INFORMATION +
EPC RATING
The property has an EPC rating of C56
VAT
We understand VAT has been charged on rents.
OFFERS
We are seeking offers for the freehold interest of the property.
CONTACT
Noah Knapton Andrew Foster
T 0113 280 8018 T 0113 280 8046 M 07770 536 846 M 07962 336 080 E [email protected] E [email protected]
Misrepresentation Act 1967. Unfair Contract Terms Act 1977 The Property Misdescriptions Act 1991. These particulars are issued without any responsibility on the part of the 0113 292 5500 agent and are not to be construed as containing any representation or fact upon which any person is entitled to rely. Neither the agent nor any person in their employ has any avisonyoung.co.uk authority to make or give any representation or warranty whatsoever in relation to the property. August 2020. avisonyoung.co.uk/15505 RB&Co 0161 833 0555. www.richardbarber.co.uk