HU1 Anchor House, The Maltings, Silvester Street, Kingston upon Hull

Anchor House was originally developed in the early 1990s and more recently has undergone a sympathetic refurbishment to provide quality office accommodation and retain the charm and character of this beautiful, listed building. The Maltings was developed as a brewery in the 19th century and now is regarded as one of the most attractive office developments within the city. The accommodation comprises of multiple office suites over the building's three floors with an attractive lobby entrance and staircase and lift facilities serving all floors. The office suites retain many original features combined with a modern fitout.

Kingston Upon Hull has a population of approximately 250,000 but a further 150,000 in the immediate surrounding suburbs. It is the primary city of the Humber region and is home to a number of major businesses. These include Arco, Reckitt Benckiser, Siemens Gamesa, KCom, Smith & Nephew, INEOS, BP, Aunt Bessies, Croda, Cranswick Foods, SGS & Co and Ideal Heating. Humber with Hull as the principal city has been awarded Freeport status paving the way for significant inward investment into the region. With the city having the fastest broadband speeds in the UK it continues to establish a position of strength in the digital office sector.

Fantastic opportunity to secure a 12% initial yield with a total income of £344,572 per annum.

Very low capital value of £86 per sq ft, well below vacant possession rates.

Six quality tenants in varied sectors.

Floor area - 31,545 sq ft.

Car Parking - there are approximately 30 car parking spaces located externally and underneath the rear of the building, which equates to a ratio of 1:1052 sq ft.

An AWULT of 3.81 years to expiry and 3.07 years to break.

Highly attractive to a purchaser seeking an asset management opportunity.