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SALE OF NATIONAL AVENUE INDUSTRIAL ESTATE, HULL

PPH Commercial have completed the sale of a multi-let industrial estate in West Hull.

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.’