Tokenspire Business Park, Hull Road, Beverley

Investment Opportunity

Robin Bullas

  • Opportunity to acquire a prominent and 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 extends to 305,885 sq ft on a site of 24.41 acres, reflecting a very low site cover of 29%
  • Currently 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
  • Average weighted unexpired lease term of 5.17 years to expiries and 2.91 years to breaks
  • Freehold
  • The site benefits 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)
  • Offers are invited in excess of £15,600,000 (Fifteen Million, Six Hundred Thousand Pounds), subject to contract and exclusive of VAT.
  • This reflects a net initial yield of 6.52% and a capital value of £51 per sq ft, assuming purchaser’s costs of 6.72%

 

« Back to Investment Sales