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UNDER OFFER

Leisure investment for sale entirely let to secure PLC tenant in city centre location

Price:

£675,000 (7.74% NIY)

8,007 sq ft

INVESTMENT SUMMARY


Located within Hulls pedestrianised leisure and retail pitch


Situated in a prominent corner position• Entirely let to the undoubted covenant of

Loungers UK Limited until 2035


Loungers UK Limited last reported turnover of £283m and pre-tax profits of £11m (April 2023)


The tenant is committed to building having recently removed their 2030 break option


Let at a low rent of £55,000 per annum


Total floor area of 8,007 sq ft over basement and four upper floors


The property has an EPC rating of B


Freehold


We are instructed to seek offers in excess of £675,000 (exclusive of VAT), reflecting a net initial yield of 7.74% assuming standard purchasers costs of 5.24%

Property Details

Location Details

Hull

Sector

Retail, Leisure

Property PDF

Download our property listing brochure for full details of this listing.

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An outstanding opportunity

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