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One Blackfriargate Humber St 45,741 sq ft 4-Star Office Property Hull HU1 1TU £9,200,000 (£201.13/sq ft) 7.90% Net Initial Yield



Investment Highlights
- Commanding position overlooking Hull city centre
- The area has undergone significant regeneration and now comprises a successful mixeduse quarter with residential, leisure, retail and commercial use
- Immediate proximity to The Fruit Market and the awarding winning The Deep
Executive Summary
Offers are sought in excess of £9,200,000 (Nine Million Two Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 7.90% and a capital value £200 psf.
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Tenure
Freehold
Property Size
45,741 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built
2021
Price
£9,200,000
Price per sq ft
£201.13
Yield
7.90%
NOI
£726,800
Tenancy
Single
Number of Floors
5
Typical Floor Size
11,700 sq ft
Plot ratio
0.85
Total Plot Size
1.24 ac
Parking
401 Spaces (6.36 Spaces per 1,000 sq ft Leased)
Amenities
- Security System
- Waterfront
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One Blackfriargate | Humber St
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