Back to list of properties
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 |
Contact
Vendor's solicitor
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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.
Loading the bidding panel...
The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Office Contact
Vendors Solicitor
Agreement Documents
Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton April 2025
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, 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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.