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Northumberland Ave - West Units 1-2 2,549 sq ft Industrial Unit Offered at £155,000 in Hull HU2 0LN
INVESTMENT HIGHLIGHTS
- Industrial Commercial investment in established industrial locatio
PROPERTY FACTS
| Total Property Size | 4,031 sq ft | Typical Floor Size | 4,031 sq ft |
| Property Type | Industrial (Unit) | Year Built | 1965 |
| Property Subtype | Warehouse | Total Plot Size | 0.39 ac |
| Costar Property Class | C | Parking Allocation | 1.98/1,000 sq ft |
| Floors | 1 |
| Total Property Size | 4,031 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Costar Property Class | C |
| Floors | 1 |
| Typical Floor Size | 4,031 sq ft |
| Year Built | 1965 |
| Total Plot Size | 0.39 ac |
| Parking Allocation | 1.98/1,000 sq ft |
AMENITIES
- 24 Hour Access
- Fenced Lot
- Security System
- Roller Shutters
- Storage Space
UTILITIES
- Lighting
- Water
- Sewer
1 UNIT AVAILABLE
Unit 2
| Unit Size | 2,549 sq ft | Sale Type | Investment |
| Price | £155,000 | Tenure | Long Leasehold |
| Price Per sq ft | £60.81 | Net Initial Yield | 7.10% |
| Unit Use | Industrial | NOI | £11,000 |
| Unit Size | 2,549 sq ft |
| Price | £155,000 |
| Price Per sq ft | £60.81 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 7.10% |
| NOI | £11,000 |
DESCRIPTION
The leasehold interest is available for purchase for a sum of
£155,000 excl
The leasehold agreement is a 999 year lease from 1988, on a
peppercorn rent.
SALE NOTES
This commercial investment consists of a semi detached steel
portal frame industrial unit. Externally the property benefits
from a fenced designated yard. The property is accessed via
an over sized concertina door measuring approximately 4.35 x
4.85 mas well as a pedestrian access door, secured by roller
shutters. Internally the property is of block build interior and the
roof benefiting from translucent light panels. The ground floor
personal doors and windows benefit from roller shutters for
security. The unit has a small reception area on the ground
floor with offices above and to the rear is a single storey stores
area.
The current passing rent is £11,000 per annum on a 6 year
lease from 01.02.23 to 31.01.29. With a rent review provision
01.02.26.
This produces a current gross yield of 7.10% before the rent
review provision.
Interior Photo
Interior Photo
Presented by
Northumberland Ave - West Units 1-2
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