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Retail/Shop

Retail/Shop For Sale Kingston upon Hull

PROPERTY ID: 138335

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

3,807 sq.ft

Key Features

Forms part of an established parade of retail shops on Longhill Estate.
Heron Foods Ltd are paying £52,730 per annum on a lease expiring on the 1st of October 2031.
Rent review scheduled on the 1st of October 2029.
Provides a Net Initial Yield of 7.86% after purchase costs of 4.86%.
Heron Foods Ltd has over 300 stores and is a parent company to B&M.

Property Details

The Property Comprises Of A Single Storey Commercial Retail Unit With An Open Plan Sales Area With Rear Store, Staff And Storage Amenities. The Property Is Being Held On A Full Repairing And Insuring (fri) Lease From The 2nd Of April 2014 For A Term Of Seventeen And A Half Years, Due To Expire On The 1st Of October 2031,the Current Passing Rent Is £52,730 Per Annum , With A Rent Review Due On The 1st Of October 2029. The Tenant Is Heron Foods Limited (01392197);.their Accounts For 30th Of March 2024 Showing A Turnover Of £560,585,000 (five Hundred And Sixty Million Five Hundred And Eighty Five Thousand Pounds) With A Pre-tax Profit Of £22,708,000 (twenty Two Million Seven Hundred And Eight Thousand Pounds) And Net Assets Of £98,064,000 (ninety Eight Million And Sixty Four Thousand Pounds) .

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About the Agent

Garness Jones Commercial Ltd

See Agent's Other Properties

Retail Unit

£640,000 Freehold

82 Shannon Road, Kingston upon Hull, HU8 9PD
Retail/Shop - Available
3,807 sq ft
354 sqm
Show phone number

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