Hull business hub put up for sale

Fri, 09 Mar 2018 | COMMERCIAL PROPERTY

A large commercial property in the centre of Hull has been put up for sale, with its owners seeking an asking price of around £1.8 million for the mixed-use building.

Shirethorn House, a large development located on the corner of Prospect Street and Spencer Street in the Humberside city, is being marketed by its current owners, MCR Property Group, as a hub for several businesses.

The site itself comprises a 47,320 square foot freehold in the middle of the city, including 13,869 square foot retail space on the ground floor and the remaining 33,451 square foot of space dedicated to offices spread over the property's top-most two floors.

At present the property agents report that the hub is more than three quarters full of commercial tenants, with lettings including businesses and household names like the British Heart Foundation and Optical Express.

The Shirethorn listing also mentions the property's "convenient location" at the nexus of several transport links, as well as being within walking distance of the rest of Hull's city centre.

Nick Lake, fund manager at MCR Property Group, said: "Shirethorn House is conveniently located near main retail and commercial facilities; St Stephen's Shopping Centre, Princes Quay shopping Centre and the city's main bus and train stations are all within easy walking distance.

"There has been unprecedented growth and regeneration in Hull since its UK City of Culture status was awarded in 2017. With over £100m worth of infrastructure investment in the city alongside major companies, such as Siemens, moving into the area, it is no surprise that there is great demand for commercial space of this nature."


Share this article



Latest Businesses for Sale

Quality Workwear & Leisurewear Wholesaler (Fast Sale)
UK Wide

Indicative offers are required by close of business Monday 20th July. Long established business, founded in 1996. Good core, repeat business customers. Bonded warehouse. Established brand name.

Asking Price: Offers Invited
Turnover: £300k - £1m

Fibre Optic & IT Cabling Solutions
South East, UK

Designs, supplies and installs fibre optic and IT cabling solutions for clients throughout the UK and Europe. Offers electrical, structured cabling and network/Wi-Fi solutions, AV equipment and LAN/ethernet, in addition to project management, consult...

Asking Price: Offers Invited
Turnover: £2,247,561

LEASEHOLD


Importer of Toys & Gifts for the Leisure Industry
UK Wide

Imports an extensive selection of toys and gifts, which are sold to trade customers throughout the UK and internationally. Has established a strong reputation within its sector for its innovative product range, competitive prices and exceptional serv...

Asking Price: Offers Invited
Turnover: £6,135,933

FREEHOLD



View more businesses for sale

News Search

Latest News

 
14
 
Jul
 

Huddersfield retail park acquired out of administration | COMMERCIAL PROPERTY

Huddersfield’s Gallagher Retail Park has been acquired...

 
14
 
Jul
 

Directors of distressed companies get more breathing space | BUSINESS NEWS

The temporary suspension of wrongful trading provisions intr...

 
13
 
Jul
 

Yorkshire retailer Peter Jones enters administration | ADMINISTRATION

Well-known Wakefield-based retailer Peter Jones has entered ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources