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."
In a prime location, this freehold business opportunity includes a detached, well-equipped bakery factory along with a retail outlet and cafe, all part of a family business with a century of trading history.
Established in key industries like power generation and rail, this company offers specialised electrical and engineering services across the UK and Ireland, boasting strong relationships with blue-chip clients and a reliable income stream.
This well-established company has a decade-long track record in a growing market and is fully relocatable or can be operated remotely, providing flexibility for the new owner.
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