49 Toll Gavel, Beverley

LOCATION
Beverley is an affluent market town with a population of circa 29,000. It is the county town of the East Riding and it is estimated that 40,000people live within a 10 minute drive-time and 93,000 people within a 15 minute drive time. The town is situated approximately 8 miles north west of Hull and 20 miles south east of York. It benefits from good communicationwith the M62 lying approximately 10 miles to the south west, and the A1077 Trunk Road linking the town to York.

The property occupies a prominent town centre location on
pedestrianised Toll Gavel with nearby occupiers including Bodycare, Boots the Chemist, Oliver Bonas and WHSmiths.

DESCRIPTION
The property comprises a Grade II listed retail investment let to British Heart Foundation.

The property provides open plan retail accommodation on the ground floor with a timber framed and glazed shop frontage with additional stores at first floor level providing office and storage accommodation together with w.c provision with additional stores within the attic.

TENURE
We understand that the property is freehold.

TENANCY
The property is let on a formal lease agreement to British Heart Foundation dated 26 July 2024. The lease is for a term of 5 years expiring 2 May 2029 albeit the tenant benefits from an option to determine the lease on the third anniversary of the term subject to the relevant notice. The passing rent is £21,500 per annum.

For the year ended 2023 British Heart Foundation reported a
turnover of £151,900,000, pre-tax profit of £7,900,000, shareholder funds of £125,600,000 (Source Creditsafe 27.9.2024)

BUSINESS RATES
The property is assessed for Business Rates as follows:

Shop & Premises RV: £21,750

BUSINESS RATES
The property is assessed with an energy rating of Band E (111)

TERMS
Asset to be disposed of with the current tenant in place.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.

MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser will be required to provide two forms of identification and proof of the source of income.

VIEWING
For general enquiries and viewing arrangements please contact sole selling agents:
Paul Andrew MRICS MCIArb
Tel: 0113 223 4868
Email: paul.andrew@bradleyhall.co.uk
Or
Josh Robinson BSc (Hons)
Tel: 0113 223 4868
Email: josh.robinson@bradleyhall.co.uk