Hull has been revitalised with new developments such as The Deep, and the Norman Foster designed St Stephens mixed use development at the heart of the public transport network, which is the major shopping and leisure destination.
By the river is Princes Quay, a triple decker shopping centre with Europe's first all digital multiplex cinema. The Prospect Centre completes the line up of covered shopping, and the Old Town has Trinity Square and Hepworths Arcade to offer traditional shopping from local retailers.
Industrial property in Hull
Second hand stock can be had from around £2.50 psf with quality property fetching £5 psf. There is an adequate supply in location and size to provide a good choice.
Property Development in Hull
There are plenty of development sites available for industrial development. The Humber Enterprise Zone, at 534 ha is the largest in the UK and is one of only six able to offer companies Enhanced Capital Allowances on plant and machinery, which will incentivise investment by the largest renewables manufacturing companies. Sites as part of the Enterprise Zone are:
Green Port Hull (Alexandra Dock)
Queen Elizabeth Dock, Hull
BAE Systems site at Brough, East Yorkshire
Port of Grimsby
Able Marine Energy Park (south part),North Lincs
You may want to consider some of the following points as you carry out your search for commercial property in Hull. If you are planning on buying a commercial property you should be careful to factor in the significant purchase costs which are associated, such and stamp duty and legal fees which will have an instant impact on cash flow. Thinking about these couple of points as you search through the property listings on UKBusinessProperty may help you choose the best possible property for you to rent or buy.