Office for sale in Anchor House Investment, The Maltings, Silvester Street, Kingston Upon Hull, East Riding Of Yorkshire HU1, £2,500,000

2,500,000.00

Offer Nr.:
64969698
Type of ad:
for Sale
Property type:
Office
Contact name:
Garness Jones
Phone(s):
01482 763794

* Freehold
* Fantastic opportunity to secure a 13% initial yield with a total income of £344, 572 per annum.
* Very low capital value of £79 per sq ft, well below vacant possession rates.
* Six quality tenants in varied sectors.
* Floor area - 31, 545 sq ft.
* Car Parking - there are approximately 30 car parking spaces located externally and underneath the rear of the building, which equates to a ratio of 1: 1052 sq ft.
* Awult of 3. 79 years to expiry and 3. 05 years to break
* Highly attractive to a purchaser seeking an asset management opportunity.
Anchor House was originally developed in the early 1990s and more recently has
undergone a sympathetic refurbishment to provide quality office accommodation
and retain the charm and character of this beautiful, listed building. The
Maltings was developed as a brewery in the 19th century and now is regarded as
one of the most attractive office developments within the city. The
accommodation comprises of multiple office suites over the building's three
floors with an attractive lobby entrance and staircase and lift facilities
serving all floors. The office suites retain many original features combined
with a modern fitout.

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