48-50 Newland Av
Hull HU5 3AE
Retail Property For Sale

The property comprises a double fronted building with extensive windows to Newland Avenue and external seating to the front. The property internally is fitted out as a café bar with wc's, office and staff facilities at first floor. Located to the side is a parcel of land which provides a very large outside seating area and located to the rear are workshops mainly utilised for storage and beyond this a car parking area and access through to De Grey Street. The premises are offered freehold subject to the existing lease details are provided below. The premises are occupied by way of a twenty year lease from 23 December 2009.
The tenant being Stable Bistro Ltd reg no 6284475 at a passing rent of £30,000 per annum with the rent being paid quarterly in advance on the usual quarter days. The rent is subject to review ever four years. The rent at 23 December 2024 has not been actioned but has been moved to 23 December 2026. The lease is subject to full repairing terms.