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Grampian Way - Grampian Shopping Centre
9,100 SF Retail Unit Offered at £575,000 in Hull HU7 5BZ
Investment Highlights
- Let to Heron Foods Ltd (1) on a new 20 year lease expiring 2044 (no breaks)
- The property comprises a steel framed, purpose-built anchor foodstore
- Situated in an established neighbourhood retail parade on Grampian Way
- 5 yearly rent reviews to CPI 1% (collar) & 3% (cap), increasing the rent to a minimum of £69,658 by 2039 (2)
- Arranged over ground floor only and extending to approximately 845.38 sq m. (9,100 sq. ft.)
Executive Summary
The property comprises a steel framed single storey, purpose-built anchor foodstore. It is situated in an established neighbourhood retail parade on Grampian Way
Property Facts
| Price | £575,000 | Building Class | B |
| Unit Size | 9,100 SF | Number of Floors | 1 |
| No. Units | 1 | Typical Floor Size | 27,417 SF |
| Total Building Size | 27,417 SF | Year Built | 1988 |
| Property Type | Retail (Unit) | Lot Size | 3.81 AC |
| Property Subtype | Storefront Retail/Office | Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Price | £575,000 |
| Unit Size | 9,100 SF |
| No. Units | 1 |
| Total Building Size | 27,417 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront Retail/Office |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 1 |
| Typical Floor Size | 27,417 SF |
| Year Built | 1988 |
| Lot Size | 3.81 AC |
| Sale Conditions | Auction Sale |
1 Unit Available
Unit 1-2
| Unit Size | 9,100 SF | Sale Type | Investment |
| Price | £575,000 | Tenure | Long Leasehold |
| Price Per SF | £63.19 | Sale Conditions | Auction Sale |
| Unit Use | Retail |
| Unit Size | 9,100 SF |
| Price | £575,000 |
| Price Per SF | £63.19 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Sale Conditions | Auction Sale |
Description
The property comprises a steel framed single storey, purpose-built anchor foodstore.
Sale Notes
Lot 46 is available for sale at an Allsop online auction to be held on Tuesday 5th November 2024.
The property comprises a long leasehold investment opportunity for sale.
The asking price is £550,000-£575,000, representing a gross initial yield of 10.91%.
Amenities
- Security System
- EPC - D
- Roller Shutters
- Storage Space
-
George Walker -
Allsop
Presented by
Grampian Way - Grampian Shopping Centre
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