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St John's Business Park

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St John's GroveHull HU9 3RL YorkshireYorkshire & Humberside
Ref: 7332

  • Size 114,505.00 ft² (10,637.86 m²)
  • Price: £1,400,000
  • Initial Yield 11.14
Mathew Atkinson
Your contact
Mathew Atkinson
0113 261 6246

Description

Description

> 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
High Yielding Multi-let Industrial Estate

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.

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Mathew Atkinson
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a. the particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
b. all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
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