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82 Shannon Road, Hull, East Riding of Yorkshire, HU8 9PD

Offers in Region of
£640,000

£168.11 per sq ft

Business rates & charges may apply

Garness Jones Commercial, Hull
SIZE AVAILABLE

3,807 sq ft

354 sq m

SECTOR

Shop for sale

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.

Description

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) .

Brochures

82 Shannon Road, Hull, East Riding of Yorkshire, HU8 9PD

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hull Station3.9 miles

About Garness Jones Commercial, Hull

Nelson Street, Hull, HU1 1XE

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 12265FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Garness Jones Commercial, Hull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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