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Industrial Ground Rent, Land bounded by, Manchester St., Witty St. and Liverpool Street, Hull, HU3 4TX

  • Industrial Ground rent of £21,044pa
  • Outstanding rent review from June 2019
  • Let until 31st December 2069
  • Original Lease from 30th April 1993
  • 10 year upward only reviews
  • 2 acre (0.81 ha) Food factory site

Loction

The site is located to the North of the A63, the main arterial route into Hull from the M62 close to the A1166. The approach is from Witty Street and the site lies between Manchester Street and Liverpool Street as identified on the adjoining plan.

Lease terms
The site is let from 30th April 1993 until the 31st December 2069 to Forward Investment Group LLP and is sublet to Karro Food Frozen ltd.
The passing rent of £21,044 was not been increased in 2009 and negotiations are ongoing for the 2019 review.
Prospective purchasers are advised that the outstanding 2019 rent review has been referred to an RICS appointed arbitrator, Mr Christopher Jenkins. The timetable for the arbitration process has been deferred, pending the result of the auction.

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