QUEENS HOUSE | ENGLAND, HULL
High yielding mixed use investment with asset management and value add opportunities
The property is held on a long leasehold basis from Kingston Upon Hull City Council for a term of 150 years from 1st April 1990 with 117 years unexpired.
Another great Taylor Capital investment, imagineered from the ground up with sustainability and living in a post pandemic world. Communal areas will be provided though it’s important to note that the compact apartments can be fully independent should social distancing be an issue in the future.
Paragon St, HU1 3ND, Hull, East Yorkshire , United Kingdom
The property is located in the city of Kingston- Upon-Hull, the commercial and retail centre of East Yorkshire, serving a population of 267,000 (Cencus 2021). Hull benefits from being strategically positioned in the heart of the UK, being an equidistant 200 miles (as the crow flies) from London and Edinburgh, 90miles from Manchester and 45 miles from Leeds.
Queens House is Open, Open to Everyone Collaboration, Radical Ideas, Influencing, Learning, Investment.
The Port of Hull remains a major Port situated on the north side of the Humber being one of the UK’s largest and busiest Ports. It is estimated to handle £75 billion of trade per year across 100,000 containers and over 9.7 million tonnes of goods. P&O’s Hull-Rotterdam ferry service is the gateway to Holland and Germany for freight, car, and passengers.
The city of Hull benefits from excellent road communications, connecting to the M62 motorway via the A63 trunk road at Junction 38, which links the town to Leeds and Manchester. The M62 links to the M1 and M6 which leads to the South of England. Hull is served by frequent rail services to Leeds in 1 hour 3 mins, to Sheffield in 1 hour 24 mins and 19 times per day to London King’s Cross in 2 hours 38 mins. Humberside Airport is located 22.5 miles south of Hull providing flights to Aberdeen, Amsterdam, Bergamo and Bourgas.
The city has some major occupiers / employers who have been attracted to the city over the years by its strong workforce / port facilities. In recent years, Hull has been favourable with renewable energy manufacturers for their operations, including Siemens’ wind turbine blade factory at Alexandra Dock, which employs around 1,000 people. The chemical industry is also an important part of Hull’s economy and the city is home to a number of large employers within this sector such as BP, Croda Universal, and RB (Reckitt Benckiser).
Transforming YOUR World through Place & Space
Queens House is an extremely prominent rectangular commercial block which extends around King Edward and Jameson Street. The building is made up of traditional red brick and Roman Tuscan columns
The building is arranged over three floors in part and a fourth on the eastern and western frontages totalling 127,520 sq ft. The building also has an abundance of windows allowing natural light to flood into the building. The property provides 40 retail units on ground floor level. On the upper level the property provides 25,401 sq.ft of office space that is currently vacant/ unused and can be accessed through Paragon Street.
Further to this an element of the property, the upper floors of 44/46 paragon street are residential units and have been sold off on long leasehold to Lucava Developments Limited. The building has an inner car park which is sold off on a long leasehold to the council expiring 2050 along with a substation. The car park has 31 spaces and with a gate serviced area. Access to the spaces is gained via Chapel street off Paragon street.
Queens House, Open to Everyone Collaboration, Radical Ideas, Influencing, Learning, Investment.
- The property is situated on Queen Victoria Square, which is the city’s main retail and cultural centre
- The property occupies a prominent position with frontages to King Edward Street, Jameson Street, Paragon Street and Chapel Street. King Edward Street and Jameson Street are fully pedestrianised and adjoin Albion Square which is a new £96m development currently under construction providing a mix of retail, residential and car parking.
- Queens House looks across Queen Victoria Square which is at the heart of Hull’s cultural centre. The likes of Hull City Hall Theatre, Ferens Art Gallery and the Hull Maritime Museum are also located in the square. Hull Maritime Museum is currently undergoing a multi million pound refurbishment, funded by Hull City Council and the National Lottery Heritage Fund in order to preserve its heritage and attract new visitors.
- Paragon arcade is adjacent to the subject property and offers a mixture of small boutique shops and restaurants.
- The property is a short walking distance from Paragon street station which provides regular trains across the country and frequent bus services across the north east.
- The strategic location of the asset; close to the train station and in the cultural hub; means that it remains at the epicentre of Hull City Councils regeneration scheme with positive potential for grants and alternative uses.
Exciting property development for sale
Hull City Council has been awarded £19.5m from the Government’s Levelling Up Fund (LUF) to support infrastructure within the city.
Queens House is Open, Open to Everyone Collaboration, Radical Ideas, Influencing, Learning, Investment.
- Unique opportunity to acquire a prominent city centre building.
- Island site of 1.92 acres – held on long leasehold.
- Prominently located only 0.2 miles east of Hull Train Station, in the heart of Hull’s main retail and culture centre.
- Directly opposite Albion Square which is undergoing a £96m regeneration project to create modern homes, retail and leisure units.
- Sits within the epicentre of Hull City Council’s £19.5 million grant scheme to rejuvenate the city centre.
- The property benefits from good natural light which lends itself to potential residential conversion on the vacant office space.
- Comprising of 127,520 sq.ft of mixed use accommodation arranged over four floors.
- Levelling up grants of up to £750,000 available to purchaser.
Protect, Grow & Multiple Your Money
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The investment opportunities listed on this website are not offers to the public and can only be entered into by certain types of investors who have satisfied certain investment criteria. Taylor Capital Club Ltd is not regulated by the Financial Conduct Authority and investments made on this site are not covered by the Financial Services Compensation Scheme.
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Please note that investments on Taylorcapital.co.uk involve risks and past performance is not a guide to future performance. The value of investments can fall as well as rise and is not guaranteed. You may not get back the amount originally invested including loss of capital, illiquidity, default of a borrower and lack of returns. The risks involved will vary by project types, so please ensure you have read and understood the specific risks associated with the investment. Investments made on this Taylorcapital.co.uk, should only be made as part of a diversified investment portfolio.
The investment opportunities listed on this website are not offers to the public and can only be entered into by certain types of investors who have satisfied certain investment criteria. Taylor Capital Club Ltd is not regulated by the Financial Conduct Authority and investments made on this site are not covered by the Financial Services Compensation Scheme.
Information presented on this website and related social channels, including podcasts, emails, live broadcasts, and content written, spoken or implied is for guidance and educational purposes only and does not constitute financial advice. Information presented is time sensative and should be viewed as relavant at the time, but may not continue to be so now or in the future.
Always consult you independent financial advisor before making any investmentsIf you are unsure of the suitability of an investment, please contact your financial adviser for professional advice.
Please click here to understand the full risk warning
Data protection is taken very seriously. We are registered with the Information Commissioner’s Office (ICO) under registration number ZA769210, see privacy policy above.