Property photos
Just added
Guide price
£875,000
(£63.54/sq. ft)
Industrial for sale
City Plumbing, 44 Stockholm Road, Hull HU713,770 sq. ft
Local area information
Property location
Nearby amenities
- Sutton Park Primary School 0.6 miles
- Newland St John's Church of England Academy 0.6 miles
- Hull 2.1 miles
- Cottingham 2.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Modern detached trade counter/warehouse premises with secure yard
- C.1,279 sq m (13,770 sq ft)
- Site area c.0.3 ha (0.75 acres)
- Let to City Plumbing Supplies Holdings Limited on Fri terms to June 2028
- Current rent £53,000 p.a.exc
Hull, situated on the north bank of the Humber Estuary approximately 60 miles east of Leeds, has a population of just under 260,000. Hull benefits from the Humber Ports Complex with the Humber Estuary a recognised hub for the offshore wind industry.
This modern detached steel portal frame/profile metal clad industrial unit, with substantial concrete surfaced and drained yard secured by perimeter palisade fencing, is situated on the Sutton Fields Industrial Estate approximately 3 miles north of the city centre. The unit has a c.6m (20 ft) eaves height with clear internal space incorporating blockwork partitioned administration, trade counter and showroom areas. Above the office/showroom areas is mezzanine storage which extends in to part of the
warehouse. A canteen and staff WC facilities are provided at first floor level.
Accommodation
Ground Floor 942.5 sq m (10,145 sq ft) gia
This includes a partitioned office, trade counter and showroom area
Mezzanine Storage c. 300.0 sq m (c.3,230 sq ft)
First Floor Staff Kitchen/Rest Room & WCs 36.8 sq m (396 sq ft)
Total 1,279.3 sq m (13,770 sq ft)
Site area (calculated off plan) 0.3 Ha (0.75 acres)
Occupational terms
The property is held by City Plumbing Supplies Holdings Limited on a 10 year Fri lease from 24 June 2018 at a current rent passing of £53,000 per annum exc. The tenant pays all outgoings. Based on the total accommodation outlined, the rent equates to c.£3.85 per sq ft overall suggesting strong prospects for an uplift on renewal or re-letting
Covenant information
With reference to Creditsafe, the tenant has a Risk Score of 99/100 with a credit limit of approximately £10.2m and a contract limit of £303m. A credit score of 70 is classed as very low risk. See also .
Disposal terms
The freehold interest is available For Sale subject to the existing lease held by City Plumbing Supplies Holdings Limited at a price of £875,000 representing an initial gross yield of 6.06% before purchase costs. This is a modern, well-proportioned property with strong rental growth prospects.
VAT
The property is elected for VAT. It may be that the sale is structured as a Transfer of a Going Concern (togc).
Energy performance rating: D (81)
This modern detached steel portal frame/profile metal clad industrial unit, with substantial concrete surfaced and drained yard secured by perimeter palisade fencing, is situated on the Sutton Fields Industrial Estate approximately 3 miles north of the city centre. The unit has a c.6m (20 ft) eaves height with clear internal space incorporating blockwork partitioned administration, trade counter and showroom areas. Above the office/showroom areas is mezzanine storage which extends in to part of the
warehouse. A canteen and staff WC facilities are provided at first floor level.
Accommodation
Ground Floor 942.5 sq m (10,145 sq ft) gia
This includes a partitioned office, trade counter and showroom area
Mezzanine Storage c. 300.0 sq m (c.3,230 sq ft)
First Floor Staff Kitchen/Rest Room & WCs 36.8 sq m (396 sq ft)
Total 1,279.3 sq m (13,770 sq ft)
Site area (calculated off plan) 0.3 Ha (0.75 acres)
Occupational terms
The property is held by City Plumbing Supplies Holdings Limited on a 10 year Fri lease from 24 June 2018 at a current rent passing of £53,000 per annum exc. The tenant pays all outgoings. Based on the total accommodation outlined, the rent equates to c.£3.85 per sq ft overall suggesting strong prospects for an uplift on renewal or re-letting
Covenant information
With reference to Creditsafe, the tenant has a Risk Score of 99/100 with a credit limit of approximately £10.2m and a contract limit of £303m. A credit score of 70 is classed as very low risk. See also .
Disposal terms
The freehold interest is available For Sale subject to the existing lease held by City Plumbing Supplies Holdings Limited at a price of £875,000 representing an initial gross yield of 6.06% before purchase costs. This is a modern, well-proportioned property with strong rental growth prospects.
VAT
The property is elected for VAT. It may be that the sale is structured as a Transfer of a Going Concern (togc).
Energy performance rating: D (81)
More information
Listed by
Scotts Property LLP
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Scotts Property LLP. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Scotts Property LLP for full details and further information.