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23 King Edward Street, Queens House Hull, HU1 3RL
Use Class
E
Size
227 - 853 sq ft
Rent pa
£27,500
Market Sector
Retail & Shopping Park
Description
23 King Edward Street, Queens House, Hull
Prime city centre shop.
Location
Hull is East Yorkshire’s principal city reportedly attracting 87% of its primary catchment and ranking 28th in the UK by shopper population.
Queens House a 133,705 sq ft (12,422 sq m) retail block located in the heart of Hull City Centre. Situated between the city’s trio of covered shopping centres (St Stephens, Princes Quay and Prospect Centre), Queens House occupies one of the busiest pitches in the city.
Major tenants include McDonalds, Barclays Bank, EE, Virgin Money, Card Factory and GDK.
The subject property occupies a central position on King Edward Street close to TUI Travel and Dr Martens, opposite Costa and Tesco Express.
Key Information
Viewing
Strictly by appointment.
Accommodation
227 - 853 Sq.Ft
Financial
Lease Term
The premises are offered on a new effective FRI lease for a term to be agreed, subject to upward only rent reviews every 5 years.
Rent
£27,500 per annum exclusive of rates and service charge.
Costs
Each party is responsible for their own legal and other professional costs incurred in the transaction.
Service Charge
We understand the 2023/2024 budget is £2,330.
Vat
Unless otherwise stated all prices and rents are quoted exclusive of VAT. Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
Business Rates
We are advised the property is assessed as follows:- Rateable Value (April 2023) £18,250.00 UBR (2023/2024) 49.9p Estimated Rates Payable (2023/2024) £9,106.75 Estimated Payable with Retail Relief £2,276.69 For further details visit www.voa.gov.uk or contact the local Rating Authority. The Rates Payable may be subject to small business and/or other reliefs.
Rates
Sustainability
A copy of the EPC is available on request.
Disclaimer
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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