Showrooms for sale in the DN39, Ulcebay

Commercial Property in DN39 available for sale

Showrooms for Sale Within 10 miles of the DN39, Ulcebay

MKM BUILDING SUPPLIES

Industrial for Sale
£5,900,000
20,028 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 £5,900,000. 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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More details for Northumberland Ave, Hull - Industrial for Sale

West Units 1-2 - Northumberland Ave

Hull, HU2 0LN

Industrial for Sale
£155,000
2,549 sq ft
1 Unit Available

Security System
24 Hour Access

Hull Industrial for Sale - Kingston upon Hull

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.