Wren

Howden Dyke Road, Howden, East Yorkshire, DN14 7UW

Under Offer

Wren
Howden Dyke Road
Howden
East Yorkshire, DN14 7UW

Share Property
  • Investment
  • For Sale £12,500,000
  • 155,205 sq ft (14,419 sq m)

Constructed in 2008, the property provides a high specification warehouse and office facility on a self-contained secure site. The building includes the following features:

Minimum clear eaves height of 19 metres
Steel portal frame construction
Brick/block and metal clad elevations beneath a pitched
insulated roof
24 docks – 5 roller shutter doors
Full sprinkler system
Heating and lighting throughout
All mains services are available
High spec offices and staff facilities
Secured site benefitting from gatehouse security provision
Concrete service yard with excellent circulation space

  • Prime and prominent distribution warehouse investment opportunity
  • Excellent location in an established industrial area with strategic multi model transport links
  • Situated just off Junction 37 of the M62 motorway
  • Fully fitted out distribution facility completed in 2008
  • High specification unit comprising 14,419 sq m (155,205 sq ft) of warehouse, office and ancillary space
  • A 15 year lease from 1st November 2021
  • 5 year rent reviews based on RPI with a cap of 5% and a collar of 2%
  • Current rent passing of £737,224pa
  • Wren Kitchens Limited (Company No: 06799478) had a turnover (31st Dec 2020) of £703 million, pre-tax profit of £75 million and shareholders funds of approximately £160 million
  • Net Initial Yield 5.5%

Contact

Ben Medhurst BSc MRICS Director
Ben Medhurst
Ben Medhurst
Ben Cooper BSc (Hons) MRICS Divisional Director
Ben Cooper
Ben Cooper

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Want to find out more? Call us on Hessle 01482 648888 Doncaster 01302 341041 Scunthorpe 01724 282278 Grimsby 01472 267513

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