HU3 25,000 sft Industrial Investment, English Street, Hull

A high bay building being of steel portal frame construction with low level brick/block to a height of 2m surmounted by profile sheet cladding undrawn internally with insultation panels. The roof is pitched and covered with insulated profile sheet cladding incorporating translucent panels. The workshop area is clear span with an eaves height of 10m. Two five tonne overhead rolling cranes are installed.

Offices and staff amenity facilities had been constructed at the front of the premises over two floors. Externally, the premises has the benefit of a large concrete yard / car park secured by perimeter fencing and double access gates. There is further yard at the rear which has separate access from Alfred Street.

The property is subject to an FRI lease for a term of 10 years commencing the 9th October 2020 at a current rent of £86,960 per annum subject to review at the end of the 5th year of the term on an upward only basis to market rent.

The premises are located in Hull, East Yorkshire which has an estimated population of 350,000 and supports an estimated 850,000 people within a 45 minute drive. The City is a major port and the subject premises has road connections sitting close to the A63 Clive Sullivan Way which links directly to the M62 and wider motorway network, and the Humber Bridge providing access to the south bank of the Humber estuary. The premises are located on English Street Hull, which is close to Hull City Centre within an industrial and commercial area.

10 year FRI lease

Lease to Oct 2030

Income £86,960 pa

Rent review in 2025.

Low current rent £3.50 /sf