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11th March 2025
69A Scarborough Street Hull provides an investment located to the west of the City in an accessible location close to the junction of Brighton Street and the A63 Clive Sulivan Way.
The property comprises a workshop building extending to 340.30sqm (3,663sqft) with block and brick elevations under a insulated pitched roof. The accommodation is mainly open plan with a roller shutter access door to the front and adjacent pedestrian access door to the side. An area has been divided to create an office , a separate staff canteen and a wc .
The premises have been occupied by the existing tenant for the past 10 years and the lease is set to be renewed from 1st April 2025 for 6 years with a 3 year tenants break clause at a rent of £15,000pa which is subject to review at the third anniversary.
Offers will be considered in the region of £175,000 which reflects an 8.3% return after accounting for purchasers costs of circa 3.5%
