Property photos
Freehold
Offers in region of
£625,000
(£164.17/sq. ft)
Retail premises for sale
82 Shannon Road, Hull, East Riding Of Yorkshire HU83,807 sq. ft
Local area information
Property location
Nearby amenities
- Longhill Primary School 0.2 miles
- Thanet Primary School 0.2 miles
- Hull Ferry Terminal 2.3 miles
- Hull 3.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- 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 8.05% after purchase costs of 4.82%.
- Heron Foods Ltd has over 300 stores and is a parent company to B&M.
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) .
More information
Listed by
Garness Jones
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