1. Realla
  2. Industrial units for sale
  3. HU17

Tokenspire Business Park, Hull Road, Beverley – HU17

For sale £10,750,000 313,246 sq ft

Avison Young
Full address
Beverley, Woodmansey, East Riding of Yorkshire HU17 – HU17
Contact details

020 *** ****

When prompted enter this code:

Or use the form below to email the agent

Property type
Industrial unit for sale
Asking price
£10,750,000
Features
Business park, Cafe, Car park, Climate control, Modern, Security, Storage, Train transport
Size
313,246 sq ft
Tenure
Freehold
NIY (%)
10.43
Brochure
Download the brochure

California
Prominent multi-let industrial investment opportunity comprising Beverley's dominant industrial estate - Located on the A1174 (Hull Road), less than 1 mile from Beverley town centre - The property extends to 313,246 sq. ft. on a site of 24.43 acres, reflecting a low site coverage of 29% - Freehold - The estate provides two substantial development sites as well as significant frontage land offering future redevelopment opportunities - Currently let to 33 tenants with a passing rent of £825,800 per annum with an WAULT of 1.24 years to break and 2.13 years to expiry - Strong history of tenant retention - Opportunity to benefit from significant reversion of £1,198,356 pa through letting of vacant space/rent reviews/leases renewals - Offers sought in excess of £10,750,000 - A purchase at this level reflects a net initial yield of 7.19%, reversionary yield of 10.43%, equivalent yield of 10.04%, and a capital value of £34 per sq. ft. (assuming £325,000 per acre for the development/overage/ compound land).

This industrial unit for sale is located in HU17.

Search for all available commercial properties for sale in HU17

Please enable JavaScript to view Google Maps...

Please enable JavaScript to view Google Maps...

Contact property agent

Please supply either an email address or phone number

By submitting this form, you accept our Terms & conditions & Privacy policy Please note that Realla will send the above details to Avison Young only.

Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Avison Young. Realla 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 Avison Young for full details and further information.