Land & Buildings, English Street Kingston Upon Hull HU3 2BT

Land & Buildings, English Street
Kingston Upon Hull
HU3 2BT

Freehold Industrial Investment

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Withdrawn Post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
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Industrial Investment

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Status Withdrawn Post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

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

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	(8,313 sq ft) (2,799 sq ft) (675 sq ft) (2,358 sq ft) (5,181 sq ft) (923 sq ft) (260 sq ft)	PETER HIRD & SONS LIMITED (1)	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)