The property comprises a 3-storey mid-terrace building constructed in brick beneath a pitched slate roof incorporating a shuttered aluminium shop front with a recessed entrance. Internally, the property provides a regular-shaped ground-floor sales area, benefiting from laminate flooring and a suspended ceiling with integrated lighting. A separate ground-floor entrance provides access to the upper floors with planning and listed building consent for residential conversion to a self-contained two-bedroom flat. The upper floors require full refurbishment.  The ground-floor shop unit is let and produces a gross rent of £7,200 pa.

Location

The subject property is located on the east side of Savile Street close to King Edward Street and Queen Victoria Square within Hull city centre. Savile Street is home to a mix of independent retailers. The central position enables easy access to all city centre area amenities. The property is shown in red on the Goad plan.

Accommodation

Ground Floor             61.2 sq m (659 sq ft)

First Floor                  33.7 sq m (363 sq ft)

Second Floor            36.5 sq m (393 sq ft)

Total area                  131.4 sq m (1,415 sq ft)

Lease Details

The ground floor is held on an effective Full Repairing and Insuring commercial lease, expiring in January 2028, at a passing rent of £7,200 per annum exc. The tenant has been in occupation since April 2010.

Planning Consent

The property is situated in the Old Town Conservation Area and is Grade II listed under the Historic England list entry no. 1219129. The property is sold with the benefit of planning consent for a change of use of upper floors to a 2 bedroom apartment. Full details can be obtained via the Hull City Council planning portal, reference (23/01654/FULL) and (23/01655/LBC). A copy of the decision notice and floor plans is included in the legal pack. Interested parties are advised to make planning enquiries directly to the local authority.

Rateable Value

The premises are described as ‘shop and premises’ with a rateable value of £7,400 (2026 Rating List). Under current provisions, a small business may benefit from Small Business Rates Relief (subject to status).

EPC

Current rating D88.

Joint Auctioneers

Scotts Commercial, 66 - 68 Humber Street, Hull, HU1 1TU - Mr Chris Mason. 01482 325634

Services

The property is believed to be connected to mains electricity. water and drainage. None of the services or installations has been tested.

Viewing

Strictly by appointment with the Auctioneers on 0845 400 9900 or the joint agents, Scotts on 01482 325634.

Tenure

Freehold, subject to the existing tenancy of the ground floor and vacant possession of the upper floors.

Method of Sale