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£500,000

Property for sale

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£500,000

Property for sale

Stonepit Road, South Cave, Brough, East Riding Of Yorkshire HU15

Local area information

Property location

Nearby amenities

  • South Cave Church of England Voluntary Controlled Primary School 0.6 miles
  • Elloughton Primary School 1.7 miles
  • Brough 2.4 miles
  • Broomfleet 3.2 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Investment for sale
  • C.1.35 acres (0.54 Ha) let to Avanti Gas Limited
  • Passing rent £29,000 p.a.
  • Rent review to omv or rpi (December 2024)
  • No caps or collars
  • Offers in the region of £500,000
The investment comprises c.1.35 acres (0.54 Ha) of a regular shaped site with a mix of tarmac, hardcore and concrete surfaces, currently used as a gas storage depot in relation to the tenant's business

Location

The property is on the south side of the A63 at the South Cave junction approximately 13 miles west of Hull, 16 miles east of Goole and 48 miles east of Leeds.

Tenure
Lease terms

The property is let to Avanti Gas Limited (Company No: 00481121), expiring 24 December 2029, with a current passing rent of £29,000 per annum with a rent review due on 25 December 2024 to open market value or rpi (no caps or collars).

Company Information: Avanti Gas Limited . Latest accounts (30/09/22) show a turnover of £230m, pre-tax
profits £8.1m and shareholders' funds of £71.9m.
Price

£500,000.
Tenure

Freehold subject to a lease to Avanti Gas Limited.

More information

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Listed by

Scotts Property LLP

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