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Property Details
Retail / Catering Premises to Let
Hull Paragon Interchange Station comprises both Hull’s rail and bus stations and is located in the heart of the city centre adjacent to St. Stephens Shopping Centre.
Train services are provided to London, Leeds, Manchester, Sheffield and many other regional and local destinations.
The latest figures available from the Office of Rail & Road (2021/22) estimate in excess of 1,993,000 passenger entries and exits. A further 8 million passengers are estimated to utilise the 42 bus and coach stands that are an integral part of the Station.
Speak to one of our experts
Martin Tucker
Phil Duggleby
Location
The units are located on the main concourse.
Description
Four recently constructed units are situated on the main rail concourse.
Unit 1 Let to Starbucks
Unit 2 (1,313 sq ft) AVAILABLE
Unit 3 (1,345 sq ft) AVAILABLE
Unit 4 Let to Costa
Each unit benefits from a glazed full height shopfront and is presented in shell condition ready for shop fit with capped 60 Amp three phase power, water and drainage supplies. Units 2 & 3 are available to let individually but could be combined to create a larger unit with possible remote storage available.
Agreement Details
An internal repairing lease of 6 or 9 years is offered by way of a Tripartite Lease subject to the usual railway determination provisions.
The lease will be contracted out of the security of tenure provisions of the Landlord & Tenant Act.
The incoming tenant will be expected to pay approximately £1,500 plus VAT for the Landlord’s legal costs and £1,063 for the Superior Landlord’s legal costs.
Rent
Rent to be agreed depending on use, but based on a Minimum Guaranteed Rent supported by an Additional Rent based on a percentage of Turnover. A rent free period will be allowed. Upward only Rent Review on every third anniversary.
User
High quality catering, licensed or retail uses will be permitted.
Utilities
The Tenant will also be responsible for the costs of all utilities consumed at the Premises.
Rating
The Tenant will be responsible for Business Rates. The current rateable values for the adjacent Starbucks and Costa units are £21,500 and £19,500.
Energy Performance
Unit 2 has an EPC rating of C
Viewing
For further details relating to this property please contact us:
Martin Tucker – Senior Portfolio Manager
Email: martin.tucker1@amey.co.uk
Tel: 07751 742 544
Phil Duggleby – Senior Portfolio Manager
Email : phil.duggleby@amey.co.uk
Tel : 020 7921 9581
Martin Tucker
Senior Portfolio Manager
Martin began his career with Natwest where he was seconded into a specialist estate management and development team looking after the bank’s northwest portfolio of operational branches and tenanted units . He moved into private practice as Head of Asset Management with one of Manchester’s largest independent firms where clients included Hammerson, Scholl and Moss Chemists. He later joined GVA (now Avison Young) as Associate Director of the Property Management Consultancy team in Manchester where his clients included Prudential , Scottish Provident, English Partnerships in addition to private individuals and overseas investors. Properties included blue chip business parks, industrial , office developments , mixed use schemes and shopping centres.
More recently Martin has managed private sector property teams looking after outsourced property portfolios on behalf of local authorities. Initially with Capita on behalf of Blackburn with Darwen Council and then with Amey on behalf of Trafford Council. These roles also included working closely with Directors of Growth and Place to identify and deliver asset and development opportunities.
Martin joined Amey TPT in 2022 and currently manages the TransPennnine Express contract. He brings over 35 years of experience specialising in property and asset management and working across all sectors for both landlord investors and tenant occupiers.
Call: 07751 742 544
Email: martin.tucker1@amey.co.uk
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