National Avenue Industrial Estate, located off Bontoft Avenue, is home to 12 different businesses located in 14 separate properties. The sale, which reflected a yield of less than 10%, was negotiated by PPH Commercial Director Ben Medhurst on behalf of a local property owner and sold to a regional property development company. ‘I am delighted to be able to confirm the sale of National Avenue Industrial Estate at a yield of less than 10%. None of the leases on the estate are more than 3 years in length and covenants involved are local and regional businesses. It is satisfying to note that a well-regarded North of England property company has decided to invest in the city and this acquisition reflects their confidence in the Hull and East Riding area in general.’
SALE OF NATIONAL AVENUE INDUSTRIAL ESTATE, HULL
29th January 2016
PPH Commercial have completed the sale of a multi-let industrial estate in West Hull.