BNP Paribas Real Estate (BNPPRE) has completed the sale of 33-acres of industrial development land in Hull, East Yorkshire for €6.14m (£5.25m). The site, located on Clough Road (HU5 1SW) and formerly owned by British Gas, was sold with support for employment, industrial, or trade counter uses under the city council’s emerging local plan. It has since been divided into plots that are now available for open storage uses or design and build opportunities on industrial units including warehouses and trade counter units. There will also be opportunities for storage compounds from 3-10 acres.
Iain Cairns, Senior Associate Director, Transaction at BNP Paribas Real Estate commented: “This sale demonstrates the strength of the National Grid property portfolio and the demand for well-located brownfield land development opportunities positioned across Yorkshire against the backdrop of a lack in supply. Securing Ashcourt Group, a Hull-based company for this site is a huge win for the local area and will create significant employment opportunities which will benefit the local economy.”
The site is located on the southern side of Clough Road approximately 2 miles north of Hull city centre. Hull train station is located approximately 3 miles to the southwest and provides direct services to other regional centres.
