St John's Business Park
St John's Grove, Hull, HU9 3RL
£1,400,000.00
Ref No. 7332
Under offer

Location St John's Grove, Hull, HU9 3RL, East Riding of Yorkshire, , Yorkshire & Humberside
2 miles to the east of Hull City Centre, off Southcoates Lane on St John's Grove.

Size 114505.00 ft2
(10637.87 m2)

Description High Yielding Multi-let Industrial Estate

  • Well located with strong redevelopment potential
  • 75% of the UK manufacturing base and 40 million people are within a 4 hour drive of Hull
  • 114,505 sq ft on a site area of 6.04 acres with 2 separate access points
  • The site is allocated for Housing within the Draft Local Plan
  • Fully let and 100% income producing
  • Current gross rental income of £183,380 per annum (£1.60 per sq ft overall)
  • Very low capital value of only £12.23 per sq ft

Tenure

The majority of the site is freehold, however, there is a small strip of land to the front of the site where containers are situated. This is held on a long leasehold basis for a term of 3 years from 1 January 2016 at a rent of £1,500 per annum.

Property Type Industrial/logistics

Initial Yield 11.14%

Property Contacts:

  • Mathew Atkinson
    +44 (0)113 261 6246
Property Location:



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