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Property details
Map & nearby

Commercial property for sale in Stonepit Road, South Cave, Brough, East Riding Of Yorkshire

Investment

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Commercial property for sale

Property features

Investment for sale
C.1.35 acres (0.54 Ha) let to Avanti Gas Limited
Passing rent £29,000 p.a.
Rent review to omv or rpi (December 2024)
No caps or collars
Offers in the region of £500,000

Property description

The investment comprises c.1.35 acres (0.54 Ha) of a regular shaped site with a mix of tarmac, hardcore and concrete surfaces, currently used as a gas storage depot in relation to the tenant's business

Location

The property is on the south side of the A63 at the South Cave junction approximately 13 miles west of Hull, 16 miles east of Goole and 48 miles east of Leeds.

Tenure

Lease terms

The property is let to Avanti Gas Limited (Company No: 00481121), expiring 24 December 2029, with a current passing rent of £29,000 per annum with a rent review due on 25 December 2024 to open market value or rpi (no caps or collars).

Company Information: Avanti Gas Limited . Latest accounts (30/09/22) show a turnover of £230m, pre-tax
profits £8.1m and shareholders' funds of £71.9m.

Price

£500,000.

Tenure

Freehold subject to a lease to Avanti Gas Limited.

Property info

Brochure

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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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 Scotts Property LLP, and do not constitute property particulars. Please contact Scotts Property LLP 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.