EAST YORKSHIRE - LARGE BUILDING WITH DEVELOPMENT POTENTIAL
Hull, East Yorkshire
Ref: 92168
Freehold £295,000
Leasehold Nil Premium
Leasehold Nil Premium
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Key Features
Precis
Popular pub close to Hull city centre with spacious living accommodation and lots of potential.
Location
The Vault is situated close to the city centre of Kingston Upon Hull and lies at the bottom of Holderness Road, a main route into the centre. This part of East Yorkshire is a popular residential location for those working in and around Hull as well as the cities of York and Leeds. The area is undergoing vast amounts of residential development and Kingston Upon Hull is a city that is up-and-coming.
The Vault occupies a character, two-storey, detached public house of stone construction under a pitched tile roof. It briefly comprises:
The Vault occupies a character, two-storey, detached public house of stone construction under a pitched tile roof. It briefly comprises:
Property
TRADE AREAS
Front entrance to the MAIN BAR and seating AREA. This large, open plan space has wooden floors and stairs up to the first floor.
SERVERY leading to a galley KITCHEN with commercial dishwasher, cellar and storage areas.
The first floor is a large, open plan space with wooden flooring and roof terrace. It still has a drinks servery and could easily be turned back into a licensed trade area.
There is plenty of storage throughout the building.
Offset are LADIES’ AND GENTLEMEN’S TOILETS.
OWNERS ACCOMMODATION
Comprising open plan LOUNGE, DOUBLE BEDROOM, BATHROOM and balcony.
EXTERNAL
To the side of the property there is a large beer garden with outside seating. In addition the is a very large patio/garden available to lease for £100pcm.
Front entrance to the MAIN BAR and seating AREA. This large, open plan space has wooden floors and stairs up to the first floor.
SERVERY leading to a galley KITCHEN with commercial dishwasher, cellar and storage areas.
The first floor is a large, open plan space with wooden flooring and roof terrace. It still has a drinks servery and could easily be turned back into a licensed trade area.
There is plenty of storage throughout the building.
Offset are LADIES’ AND GENTLEMEN’S TOILETS.
OWNERS ACCOMMODATION
Comprising open plan LOUNGE, DOUBLE BEDROOM, BATHROOM and balcony.
EXTERNAL
To the side of the property there is a large beer garden with outside seating. In addition the is a very large patio/garden available to lease for £100pcm.
The Business
Our client has owned and operated the business for over 17 years and now wishes to sell this property, either as a public house or for alternative use.
Tenure
FREEHOLD £295,000 or Leasehold Nil Premium to include fixtures and fittings.
LEASEHOLD: Nil Premium
TERM: For a term of 6 years
LANDLORD & TENANT ACT: 1954 Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Assignable subject to Landlord’s consent
DEPOSIT: The successful applicant will be required to lodge with the freeholder a deposit equivalent to 3 month’s rent in advance
RENT: Annual rent £30,000, paid monthly in advance
RENT REVIEW: Subject to rent reviews every third year of the term
REPAIR LIABILITY: Full repairing and insuring lease agreement
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: Please note that VAT will not be payable on the Premium and rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
LEASEHOLD: Nil Premium
TERM: For a term of 6 years
LANDLORD & TENANT ACT: 1954 Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Assignable subject to Landlord’s consent
DEPOSIT: The successful applicant will be required to lodge with the freeholder a deposit equivalent to 3 month’s rent in advance
RENT: Annual rent £30,000, paid monthly in advance
RENT REVIEW: Subject to rent reviews every third year of the term
REPAIR LIABILITY: Full repairing and insuring lease agreement
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: Please note that VAT will not be payable on the Premium and rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
No Premises Licence is held.
Services
Mains water, electricity, gas and sewerage.
Local Authority: Hull City Council
Local Authority: Hull City Council
Enquire about this listing
Ray Vilka
Yorkshire
Ref: 92168
