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Investment

Investment For Sale Kingston upon Hull

PROPERTY ID: 141274

PROPERTY TYPE

Investment

STATUS

Available

SIZE

2,549 sq.ft

Key Features

Industrial Commercial investment in established industrial location
Current Gross yield of 7.10% and an anticipated reversionary Gross yield of 10.32%
6 year lease from 01.02.23 to 31.01.29. With a rent review provision 01.02.26.
Industrial unit with ground floor reception and first floor offices.
Secure Fenced Yard area

Property Details

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% And An Anticipated Reversionary Gross Yield Of 10.32%

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About the Agent

Garness Jones Commercial Ltd

See Agent's Other Properties

Investment Unit

£155,000 Freehold

Unit 2,West Northumberland Avenue, Kingston upon Hull, HU2 0LN
Investment - Available
2,549 sq ft
237 sqm
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