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Landau House 79 County Rd N 21,173 sq ft Industrial Property Hull HU5 4HN £950,000 (£44.87/sq ft) 9.72% Net Initial Yield
Investment Highlights
- Fully let industrial investment generating £92,300 per annum on FRI terms
- Well-positioned in a recognized industrial zone of West Hull with excellent connectivity
- Six-year lease commencing June 2025 with a long-established tenant in occupation
Executive Summary
This industrial investment opportunity is located in a well-established commercial area of West Hull, an attractive location for growing businesses due to its connectivity and industrial heritage. The property comprises two separate units offering a total ground floor area of approximately 12,354 square feet, supplemented by significant mezzanine space totaling over 8,800 square feet.
The asset is offered subject to a recently secured six-year lease commencing June 2025, ensuring an ongoing income stream of £92,300 per annum under full repairing and insuring (FRI) terms. This provides investors with long-term income security and minimal landlord obligations.
The asset is offered subject to a recently secured six-year lease commencing June 2025, ensuring an ongoing income stream of £92,300 per annum under full repairing and insuring (FRI) terms. This provides investors with long-term income security and minimal landlord obligations.
Property Facts
| Price | £950,000 | Costar Property Class | B |
| Price per sq ft | £44.87 | Total Plot Size | 0.60 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 21,173 sq ft |
| Yield | 9.72% | No. Floors | 2 |
| Tenure | Freehold/Long Leasehold | Year Built | 1980 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Allocation | 0.94/1,000 sq ft |
| Price | £950,000 |
| Price per sq ft | £44.87 |
| Sale Type | Investment |
| Yield | 9.72% |
| Tenure | Freehold/Long Leasehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 0.60 ac |
| Net Internal Area (NIA) | 21,173 sq ft |
| No. Floors | 2 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Allocation | 0.94/1,000 sq ft |
Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Yard
- Roller Shutters
- Common Parts WC Facilities
- Smoke Detector
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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Landau House | 79 County Rd N
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