Online Auction

54-60 Paragon Street, Hull, HU1 3PE

  • 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

Details

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.

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.

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 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

Seller's solicitor

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

*Reserve Not to exceed

The reserve is the minimum amount the seller will currently accept. This figure does not represent a valuation nor does it reflect the likely sale price. It is subject to change, upwards or downwards.

Administration Fee

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.

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Reserve not to exceed*
£350,000

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.


Agreement Documents