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."
One of the top job search portals - developed in-house - with over 1m UK-based vacancies available from employers operating in nearly all sectors across the UK. Also develops & operates a series of complementary platforms & mobile apps for use within...
Manufacture and supply of high quality, hard metal, flanges and butt welds with machining services. Enviable reputation. Niche offering. Long standing relationships with suppliers. In-house manufacturing capabilities. Diverse client base including m...
Public and private sector road surfacing and civil engineering contractor with a prestigious Royal Warrant for Road Maintenance. Provides roadworks, groundworks and civil engineering services. Diverse customer base including Royal Estates, local auth...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources