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

Manned Guarding Security Business
Central London, South East, UK

Long time established security business which provides highly trained manned guarding operatives to its blue chip clientele. The company provides a total security solution for its high profile corporate clientele. Operating in the premium sector. Of...

Asking Price: £1,350,000
Turnover: £3,400,000

LEASEHOLD


Print & Embroidery Business
Cambridgeshire, East of England, UK

Operating in excess of 30 years print and embroidery specialists. This is a retirement sale. Offers invited.

Asking Price: £750,000
Turnover: £1,500,000

LEASEHOLD


Large Property Portfolio Business
East Riding of Yorkshire, Yorkshire and the Humber, UK

Large property portfolio. All properties are residential. All properties are in good order. Situated in a compact geographical area. Offers invited.

Asking Price: £6,000,000
Turnover: £480,000


View more businesses for sale

News Search

Latest News

 
18
 
Jul
 
 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

 
16
 
Jul
 

Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE

A supply chain management company operating in the aviation ...

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