69A Scarborough St 3,663 SF Industrial Building Hull HU3 4TG $323,895 CAD ($88.42 CAD/SF) 8.30% Cap Rate

The premises comprise an industrial/warehouse type property which has brick and part block elevations under a steel trussed roof which is covered with double skin insulated cladding and incorporates translucent panels. The premises have a large roller shutter access door to the front and a separate pedestrian access to the side. An area to the front is level with the street however this has been made up to be level with the rear area. The property is open plan and an area to one side has been divided off to create a small office, staff room and wc. The front section of the property is heated via Ambi-rad heaters, to the rear there is a powermatic space heater and the premises are lit via high level lighting. Externally the property lies adjacent to the footpath of Scarborough Street and has a walkway to its side southern elevation.
The premises are offered subject to the lease detailed above with offers considered in the region of £175,000. This after making an allowance of 3.5% purchasers costs reflects a return of circa 8.3%.