Commercial property for sale in Industrial Investment, Karro Food Group, Liverpool Street, Witty Street, Hull, East Riding Of Yorkshire HU3

Offers in region of £3,250,000 (£3,250,000/sq. ft)
Commercial property for sale 1 sq. ft*
Interested in this property? Call +44 1482 763794 * or Request Details

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Property features

  • Food manufacturing industrial investment opportunity in a prime location.
  • Located in a highly popular commercial location with a mixture of trade operators, manufacturers and retail. Nearby occupiers include McCain Foods, Aunt Bessie's, Smith & Nephew, Howdens and Screwfix.
  • Excellent road links with good access, one minutes' drive from the A63 accessing the cities docks, Humber Bridge and Motorway network. Great accessibility for local work force.
  • Highly visible self-contained site of 2 acres with detached building comprising of dedicated production area and cold store with proportionate ancillary accommodation. Separate car parks to dedicated commercial yard.
  • New lease for a term of 10 years to Karro Food Limited from the 11th of August 2021 with a rent review after the 5th year of the term based on Consumer Prices Index (cpi) with a cap and collar of 5% and 2% respectively.
  • Initial passing rent of £225,000 per annum, payable quarterly in advance with a minimum uplift in 2026 to £248,418 per annum and scope to raise to £287,163 per annum (with the cap).
  • Karro Food Limited are a first-class covenant with a Credit Safe rating of 93/100 (Very Low Risk).

Property description

This factory was built in the early 1990s and is of steel frame construction with profile cladding. It was built for its current purpose of food manufacturing, but the specification and layout would lend itself to alternative commercial uses.

At ground floor level, the accommodation has three principal production areas, a cold store as well as ancillary, office, and storage accommodation. To the first floor there is dedicated office accommodation as well as mezzanine storage above parts of the production areas. Primary eaves heights range from 8 metres to 10 metres.

To the exterior, there is a substantial service yard as well as dedicated parking areas. The site area extends to approximately 2 acres (0.809 hectares).

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Garness Jones, HU3 on +44 1482 763794 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Garness Jones, and do not constitute property particulars. Please contact Garness Jones for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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