Hull Indoor Sports Centre Harpings Road, National Avenue, Hull HU5 4JF Long-established sports & leisure club (in same ownership for 19 years) Approximately 29,000 sq ft property Dedicated on-site car park for up to 100 vehicles Site area approximately 2.92 acres (1.18 ha) Potential to increase number of 3G 5-aside pitches/indoor pitches 999-year lease (fixed rent of 1,000 pa) Long leasehold Premium offers invited Leeds Ref: 09/02426 www.christie.com
Situation Hull is a major city and international port (population c 310,000) situated approximately 55 miles east of Leeds. It is accessible via the M62 and A63 from the west, and the Humber Bridge provides links to the M180 to the south. Siemens 80m wind turbine plant is due to commence production in 2013 this major regeneration project is forecast to generate 800 direct jobs and provide a significant positive impact for support/related industries. Hull Indoor Sports Centre is situated two miles northwest of Hull city centre and is accessed from National Avenue via Harpings Road. The property adjoins a golf driving range to the north, a railway line to the east and is surrounded by light industrial units with residential dwellings beyond. The property The single-storey steel portal framed property extends to approximately 29,000 sq ft. It is part clad in metal profile sheeting, part with block work elevations, beneath a pitched roof covered in metal profile sheeting. Development potential Potential exists to create up to 5 additional 3G 5-a-side football pitches on land immediately adjacent to the existing outdoor pitches further details upon request. In addition, the open-span nature of the building lends itself to a variety of configurations and gives the flexibility to be significantly re-orientated to accommodate different uses, for example, the provision of additional indoor 5-a-side football pitches.
The principal accommodation Pro - Soccer five-a-side football One indoor pitch (30m x 24m) Four outdoor all-weather pitches (2 x 3G) Male and female changing rooms Little Monkeys children s play area Three main play areas Largest under 5 s area in Hull Open-plan café/seating area Frames snooker club 14 snooker tables (3-room layout) Frames snooker club bar area Male and female WCs Communal areas Disabled toilet/baby changing room Ladies and gentlemen s WCs Reception area with pool table, football table and six vending machines Café servery Service accommodation Kitchen, cellars, three offices, boiler rooms and store rooms Outdoor storage and delivery compound External details The property occupies a regular and level site with areas of landscaping. Car parking is provided at the front and side of the premises for up to 100 vehicles. The Legends bar and function room Lounge bar (licensed capacity 445) Raised stage area and bar servery Children s dining area
The business Our clients have operated the business since 1992. During their ownership, they have developed a multi-function sports centre with facilities for indoor and outdoor 5-a-side football, children s indoor play, snooker, and functions. Turnover for the Hull Indoor Sports Centre is detailed below: 2008 2009 Turnover 663,944 575,149 Ebitda 132,380 134,332 We are advised that turnover for the year end 31 December 2010 was 515, 000 with an Ebitda of approximately 119, 000. Further information about the business can be found on its website; www.hullindoorsportscentre.co.uk The principal areas of business comprise: Frames snooker club The snooker club is open from 9am to 11pm everyday. One room provides the bar and lounge, another room holds 6 tables and the other 8. One of the tables is of championship standard. Current tariffs are 4 per hour peak and 3 per hour off-peak Pro - Soccer The five small-sided football pitches are open 7 days a week, with Saturday and Sunday mornings reserved for junior coaching. Pro - Soccer currently has over 100 teams within the league, which is the longest running and best known in the region, and also has pitches available for social games. There are three 17-week seasons per year and the current tariffs are summarised below: Type Outdoor tariff Indoor tariff per team per team per match per match League 27 32 Social 35 40 In addition, the junior coaching is provided through multi-group teaching sessions for Socatots and Brazilian Soccer Schools (5-year franchise agreements) on Saturday and Sunday mornings.
Little Monkeys Little Monkeys is open from 10am to 7pm every day (Fridays 9pm) and is the longest established children s play venue in the region. The play area has a height restriction of 4ft 10ins (average height of ten year olds) and can accommodate approximately 175 children, all of whom must be accompanied by an adult for supervision purposes. Current admission prices are summarised below: Age Schools holidays Weekdays and weekends (in school term) Under 5s 3.80 2.60 5 and over 4.70 3.80 The business offers a package for children s parties based on 7.99 per child. The Legends bar and function room The well-established function facility (25 years) is one of the city s best known and has a licensed capacity for 445. This part of the property is predominantly used by football teams from Sunday to Thursday, whilst on Friday and Saturday evenings the function room is hired out for parties (average room charge 150) including birthdays, wedding anniversaries and engagements. Fixtures and fittingsthe proposed building A We are advised that the trade fixtures, fittings and equipment are owned outright and are to be included in the sale. We are advised that the vending machines are on free rent. Services We are advised that mains water, gas, electricity and drainage are connected. Tenure Long leasehold. We are advised that the property is held on a 999-year lease from 14 July 1984, at a fixed annual rent of 1,000.
Fire risk assessment In accordance with the Regulatory Reform (Fire and Safety) Order 2005, we have assumed that an adequate Fire Risk Assessment has been carried out where there are more than five people employed within the business. Viewing No direct approach may be made to the business. For an appointment to view, please contact the agent Christie + Co, Aquis House, Greek Street, Leeds LS1 5RU. Jon Patrick E: jon.patrick@christie.com T: 0113 389 2709 Finance & Insurance Christie Finance and Christie Insurance are sister companies of Christie + Co and specialise in providing intelligent solutions to your business finance and insurance needs. For full information, please call Christie Finance on 0115 945 4712 or Christie Insurance on 0844 4124924. Alternatively, visit www.christiefinance.com or www.christieinsurance.com Valuation Services Christie + Co has the largest national team of Chartered Surveyors and Valuers dedicated to its specialist markets, offering valuations, consultancy, rating, investment, rent reviews, lease renewals, building surveying, planning and dispute resolution advice in all our sectors. Conditions of these particulars These sales particulars are prepared as a general guide to the property (which expression includes business and trade content, if any, included in the sale) for the convenience of a prospective purchaser or tenant (an "acquirer") and are intended for business people familiar with commercial transactions. If you are not sure that you fit this description you should take relevant independent advice before proceeding further. Christie + Co for themselves and for the vendors, owners or landlords of the property (together the "Client") whose agents Christie + Co are, give notice that: (a) These particulars are made without responsibility on the part of Christie + Co or the Client; they do not obviate the need to make appropriate searches, enquiries and inspections, nor do they constitute any part of an offer or contract, and statements herein are not to be relied upon as statements or representations of fact; any acquirer must satisfy himself, by inspection or otherwise, as to their correctness and any error, omission or mis-description therein shall not affect or annul the sale or be grounds for recission or compensation; (b) The Client does not make or give, and neither Christie + Co, nor any of their employees has any authority to make or give, any representation or warranty whatever in relation to the property; (c) Christie + Co have not carried out a detailed survey, nor tested the services, appliances and specific fittings; (d) Dimensions (where given) are approximate and should be verified by an acquirer; and (e) Any accounts or financial statements or registration information provided to an acquirer are provided on behalf of the Client by Christie + Co, who cannot therefore offer any guarantee of their completeness or accuracy, and accordingly shall not be liable for any loss, damage, cost, expenses or other claims for compensation arising from inaccuracies or omissions therein. These details were believed to be correct at the date of publication but their accuracy is not guaranteed. Subject to contract. Copyright reserved Christie + Co. April 2011. AGENCY VALUATION SERVICES INVESTMENT CONSULTANCY www.christie.com