Retail Showrooms for sale in HU3

Commercial Property in HU3 available for sale

Retail Showrooms for Sale Within 5 miles of the HU3

MKM BUILDING SUPPLIES

Industrial for Sale
£5,500,000
16,699 sq ft
2 Industrial Properties

Hull Portfolio of properties for Sale - Kingston upon Hull

The property is let on two coterminous leases from 11 December 2020 to 10 December 2045, with slightly differing 5 yearly rent review dates, and NO BREAK OPTIONS. The rent reviews are to the higher of the minimum defined figures in the leases, or Open Market Rental. The final review in December 2040 is linked to the increase in the Consumer Price Index (CPI), with a collar of 0% and a cap of 4% per annum. The leases are on a full repairing and insuring basis, subject to a schedule of condition on the rear building and rear yard. Freehold sale for £5,500,000. The main building and site (in red) was completed in 2011 to a high specification. The main unit is portal frame with first floor showroom and further mezzanine storage. The unit includes part glazed frontages, and customer lift access to the first floor. The ground floor showroom has underfloor heating. The rear unit and additional yard (in blue) is single storey steel frame, with clad roof and walls. The total site is fully surfaced.

Contact:

Penrose Commercial Limited

Date on Market:

02/09/2024

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97-99 King St

Cottingham, HU16 5QF

Retail for Sale
Price Upon Request
1,409 sq ft
1 Unit Available

Cottingham Retail for Sale

The property benefits from significant display window frontage and ground-floor sales accommodation, with ancillary offices, storage, staff room and WC facilities on the first floor. The commencing rent is £22,500 per annum on a new lease of 5 years or longer, with the tenant responsible for repairs, insurance reimbursement, rates and other outgoings.