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St John's Business Park
St John's Grove, Hull, HU9 3RL
114,505 Sq Ft / Industrial
Withdrawn - Last updated: 07 November 2024
High Yielding Multi-let Industrial Estate
Well located with strong redevelopment potential75% of the UK manufacturing base and 40 million people are within a 4 hour drive of Hull114,505 sq ft on a site area of 6.04 acres with 2 separate access pointsThe site is allocated for Housing within the Draft Local PlanFully let and 100% income producingCurrent gross rental income of 183,380 per annum (1.60 per sq ft overall)Very low capital value of only 12.23 per sq ftTenureThe majority of the site is freehold, however, there is a small strip of land to the front of the site where containers are situated. This is held on a long leasehold basis for a term of 3 years from 1 January 2016 at a rent of 1,500 per annum.
Location
St John's Grove, Hull, HU9 3RL, Yorkshire, , Yorkshire & Humberside
2 miles to the east of Hull City Centre, off Southcoates Lane on St John's Grove.
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