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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