Offers in region of
£155,000
(£60.81/sq. ft)
Property for saleUnit 2, West Northumberland Avenue, Hull, East Yorkshire HU2
2,549 sq. ft
About this property
Industrial Commercial investment in established industrial location
Current Gross yield of 7.10%
6 year lease from 01.02.23 to 31.01.29. With a rent review provision 01.02.26.
Industrial unit with ground floor reception and first floor offices.
Secure Fenced Yard area
This commercial investment consists of a semi detached steel portal frame industrial unit. Externally the property benefits from a fenced designated yard. The property is accessed via an over sized concertina door measuring approximately 4.35 x 4.85 mas well as a pedestrian access door, secured by roller shutters. Internally the property is of block build interior and the roof benefiting from translucent light panels. The ground floor personal doors and windows benefit from roller shutters for security. The unit has a small reception area on the ground floor with offices above and to the rear is a single storey stores area.
The current passing rent is £11,000 per annum on a 6 year lease from 01.02.23 to 31.01.29. With a rent review provision 01.02.26.
This produces a current gross yield of 7.10% before the rent review provision.
The current passing rent is £11,000 per annum on a 6 year lease from 01.02.23 to 31.01.29. With a rent review provision 01.02.26.
This produces a current gross yield of 7.10% before the rent review provision.
Mortgage calculator
Monthly repayment
£775 per month
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