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100 New Cleveland St 3,010 sq ft 100% Let Office Property Hull HU8 7HE £450,000 (£149.50/sq ft)
Investment Highlights
- High Yielding Freehold industrial investment.
- Fully let to two tenants.
- Leases expiring in 2029 and 2031 (please refer to the tenancy section).
- Asset management potential via extension (stpp).
- Comprising two workshops,17 car parking spaces and yard.
- Tenants in occupation since 2017.
- 11,777 sq.ft (1,094 sq.m)arranged over two floors.
- Investment let at £53,000 p.a. (11.78% GIY) on guide price.
Executive Summary
The property comprises a freehold industrial investment arranged as two workshop units known as 100 and 100A New Cleveland Street. The buildings provide a combined covered area of approximately 11,777 sq ft, arranged over ground and first floors, and are currently configured to accommodate two separate tenants. Externally, the property benefits from 17 car parking spaces together with substantial yard areas, enhancing its appeal to trade, industrial and service-based occupiers.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
3,010 sq ft
Costar Property Class
C
Price
£450,000
Price per sq ft
£149.50
Occupancy Rate
100%
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- Orchard Training & Education
- -
- 14,262 sq ft
- -
- -
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| Orchard Training & Education | - | 14,262 sq ft | - | - |
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100 New Cleveland St
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