Let to Peter Hird & Sons Limited for 99 years until February 2073
Well located on established industrial estate close to city centre
Substantial industrial site of approximately 0.75 hectares (1.85 acres)
Adjoining Smith & Nephew, one of Hull's largest employers
Lot 40
Auction 26th May 2011
Rent £46,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector Development
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
York 32 miles , Leeds 48 miles, Beverley 8 miles
Roads
A63, M62
Rail
Hull Rail Station direct to London Kings Cross
Air
Humberside International Airport
Situation
Kingston-upon-Hull is a major commercial centre and port and the main regional city of East Yorkshire. The town is linked to the national motorway network by the M62 and benefits from the Humber Bridge which links with the M180.
The property is well located in an established industrial area to the west of the city centre, south of A63 (Hessle Road) and with rapid access to the region's motorway network.
The property is situated adjacent to Smith & Nephew, one of the city's largest employers. Other major occupiers close by include Michael Barugh (Steel Stockholders), Dombey's (Electrical and Plumbing Wholesaler), Broady Valves and Arco.
Tenure
Freehold.
Location
Miles
York 32 miles , Leeds 48 miles, Beverley 8 miles
Roads
A63, M62
Rail
Hull Rail Station direct to London Kings Cross
Air
Humberside International Airport
Situation
Kingston-upon-Hull is a major commercial centre and port and the main regional city of East Yorkshire. The town is linked to the national motorway network by the M62 and benefits from the Humber Bridge which links with the M180.
The property is well located in an established industrial area to the west of the city centre, south of A63 (Hessle Road) and with rapid access to the region's motorway network.
The property is situated adjacent to Smith & Nephew, one of the city's largest employers. Other major occupiers close by include Michael Barugh (Steel Stockholders), Dombey's (Electrical and Plumbing Wholesaler), Broady Valves and Arco.
Tenure
Freehold.
Description
The property comprises an industrial site of approximately 0.75 hectares (1.85 acres) currently used as a storage yard upon which has been constructed various industrial buildings amounting to approximately 1,905 sq m (20,509 sq ft).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an industrial site of approximately 0.75 hectares (1.85 acres) currently used as a storage yard upon which has been constructed various industrial buildings amounting to approximately 1,905 sq m (20,509 sq ft).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
1 2 3 4 5 6 Ancillary Block
Industrial
Ancillary
772.29 sq m 260.01 sq m 62.7 sq m 219.08 sq m 481.35 sq m 85.79 sq m 24.13 sq m
99 years from 08/02/1974 until 07/02/2073 on a full repairing and insuring lease
£46,500
08/02/2014 and 5 yearly
Totals
1,905.35 sq m
(20,509 sq ft)
£46,500
(1) For the year ending 31st March 2010, Peter Hird & Sons Limited reported a net worth of £1,467,000 (Source www.riskdisk.com 29/03/11) Established over 28 years ago, Peter Hird & Sons Limited are one of the leading specialists within the access platform and lifting industry. (Source and further information www.peter-hird.co.uk)
