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Offers in region of

£625,000

(£164.17/sq. ft)

Retail premises for sale
82 Shannon Road, Hull, East Riding Of Yorkshire HU8

    • 3,807 sq. ft

Freehold
Added on 26/03/2025

About this property

  • Forms part of an established parade of retail shops on Longhill Estate.

  • Heron Foods Ltd are paying £52,730 per annum on a lease expiring on the 1st of October 2031.

  • Rent review scheduled on the 1st of October 2029.

  • Provides a Net Initial Yield of 8.05% after purchase costs of 4.82%.

  • Heron Foods Ltd has over 300 stores and is a parent company to B&M.

The property comprises of a single storey commercial retail unit with an open plan sales area with rear store, staff and storage amenities. The property is being held on a full repairing and insuring (Fri) lease from the 2nd of April 2014 for a term of seventeen and a half years, due to expire on the 1st of October 2031, the current passing rent is £52,730 per annum, with a rent review due on the 1st of October 2029. The tenant is Heron Foods Limited (01392197);.their accounts for 30th of March 2024 showing a turnover of £560,585,000 (Five Hundred and Sixty Million Five Hundred and Eighty Five Thousand Pounds) with a pre-tax profit of £22,708,000 (Twenty Two Million Seven Hundred and Eight Thousand Pounds) and net assets of £98,064,000 (Ninety Eight Million and Sixty Four Thousand Pounds) .

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Monthly repayment

£3,126 per month

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