Tokenspire Business Park, Hull Road, Beverley

Investment Sold

  • Well occupied multi-let industrial estate with significant asset management and development opportunities Located on the A1174 (Hull Road) less than 1 mile from Beverley town centre
  • The estate extended to 305,885 sq ft on a site of 24.41 acres, reflecting a very low site cover of 29%
  • The asset was let to 29 tenants on 35 separate leases at total rent passing of £1,084,655 per annum, reflecting a very low rent of £3.55 per sq ft
  • The site benefited from 3 industrial development plots with extant full planning permission for over 50,000 sq ft of new industrial accommodation across 1.60 hectares (3.95 acres)
  • The site was sold on behalf of Vengrove to Ardent for a final price of £15.55m reflecting a New Initial Yield of 6.54%


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