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Retail warehouse investment

Kingston upon Hull, United KingdomUnlock address

84%

£10.000.000

Industrial

#14695

Core+

2 Feb 2024

Property Details

Broker

For sale

88,498 sq.ft.

8,222 m²

Leasable area

113 £/sq.ft.

1,216 £/m²

7.63 %

Freehold

5

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Purpose built retail park, together with an adjoining solus unit. The 88,498 sq ft retail park is located in a prominent position fronting the Clough Road A1165, which forms an arterial route around the city. 44% of the income is secured until 2026 and 27% until at least 2031. t Current rent of £813,995 per annum, which equates to a very low average rent of £9.20 per sq ft. There is a WAULT to lease expiry of just over 5 years.