54-60 Paragon Street, Hull, HU1 3PE

Guide Price* : £350,000

  • Freehold former bank premises & offices
  • Planning permission for conversion to student accommodation & ground floor A3 unit
  • Hull designated the 2017 City of Culture
  • Vacant possession

Description

A prominent corner building of traditional construction currently arranged as a ground floor former banking hall with office and ancillary accommodation on first and second floors.

Location

Kingston upon Hull has been designated the City of Culture for 2017 and is a major regional centre as well as a popular University City. It lies on the Humber Estuary about 60 miles east of Leeds and can be accessed via the A63 and A165. The city is served by Hull Railway Station as well as nearby Humberside Airport. Paragon Street lies in the heart of the city centre, with the property commanding a prominent position at the junction with Chapel Street and near the prime pedestrianised Jameson Street.

Tenure

Freehold.

Planning Authority

Hull City Council (01482 300 300) www.hullcc.gov.uk.

Planning & Development

Planning permission granted in December 2014 for the change of use of the first and second floors to provide student accommodation plus the construction of three new floors to provide additional student accommodation. The application also includes a change of use for the ground floor from A2 to A3 (Planning Ref: 15/00062/COU). The building may offer alternative use potential subject to obtaining the necessary consents.

VAT

Please refer to the legal documentation.

Energy Performance Certificate

EPC Rating 78 Band D.

Note

A video presentation of the potential development scheme has been produced by our client and can be viewed via the following link - https://youtu.be/pjQ7PpZxyps

Accommodation

Accommodation Sq ft Sq m Tenant
TOTAL 3,730 346.51
Ground floor banking hall
First floor offices/ancillary
Second floor offices/ancillary
1,590
980
1,160
147.71
91.04
107.76
Vacant
Floor areas provided by the vendor.

Contact

Vendor's solicitor

Bosley & Co Solicitors
Ovie Opone
01273 608181
ovie@bosley.co.uk

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Office Contact

Contact
020 7198 2366

Vendors Solicitor

Seller's Solicitor
01273 608181

Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton October 2019

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.