Potential Development Land & Buildings, 45 Morley Street, Hull, HU8 8DL

Description

The property offered for sale is a former vegetable/rape seed oil production plant which ceased operations at the end of 2022.

The asset is divided into 2 sides, a northern side and southern side, separated by Morley Street.

Although the refinery building facing Stoneferry Road, along with other buildings, structures, and plant, has now been demolished, a number of buildings still remain at the property.

The northern side includes the plant office, Grade II listed seed silo, prep plant and brick chimney, while the southern side includes the maintenance building, meal flat store and commercial offices.

The property has development potential for employment, roadside and retail uses.

Location

The property is in an excellent location in an established industrial area off Stoneferry Road.

The site has good roadside prominence and several vehicular access points.

In addition, the site is easily accessible by car as it is just 2.5 miles (5 mins by car) from the A63 with onward links to the M62.

The site is also situated adjacent to the River Hull and provides the opportunity for a riverside mooring point.

Key Features

Development potential
Total site area of c.6.17 acres
Total building area of c.37,300 sq ft
Employment, roadside and retail uses
Established industrial area
2.5 miles from A63

Rateable Value

We understand from the VOA website that the property has a Rateable Value of £174,000 (1 April 2023 to present).

VAT

The sale of the property is exempt from VAT.

Legal Costs

Each party to be responsible for their own legal costs incurred in any transaction.