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Infinity 'Big Box' Portfolio, Durham, South Shields, and Seaham

£34,970,000

£103.32 per sq ft

Business rates & charges may apply

HTA REAL ESTATE LIMITED, Newcastle
SIZE AVAILABLE

338,477 sq ft

31,446 sq m

SECTOR

Light industrial facility for sale

Key features

  • Portfolio of three prime North East 'Big Box' investment assets
  • Total GIA 338,477 sq ft
  • £34,970,000 exclusive of VAT
  • Combined net Initial Yield of 5.50% after allowing for purchaser's costs of 6.77%.
  • Combined WAULT of the portfolio 9.03 years to break options and 11.61 years to expiry
  • Reversionary yield of 6.67% and a low overall capital value of c. £103.30 /ft
  • Assets available individually.

Description

+ A unique opportunity to acquire a portfolio of three, prime, big box industrial units across the North East of England
+ Modern, high specification units reflecting current occupier and investor demands
+ Excellent access to the transport infrastructure both by road and sea nationally and internationally
+ The range of sizes offered suit a large number of storage, distribution, manufacturing and logistics occupiers
+ An acquisition provides immediate access to a rostrum of extremely strong internationally known tenants
+ Significant capital expenditure outlay by all tenants since occupying units with all assets providing a regional hub for the businesses
+ Attractive WAULT of 11.61 years to expiry and 9.03 years to break
+ Strong market dynamic of no pipeline supply, significant occupier demand and ongoing rental growth
+ Continued restrictive development pipeline due to build cost / rent imbalance
+ Low passing rent across the portfolio

Brochures

Infinity 'Big Box' Portfolio, Durham, South Shields, and Seaham

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bede Metro Station0.1 miles
  • Simonside Metro Station0.3 miles
  • Tyne Dock Metro Station0.8 miles

About HTA REAL ESTATE LIMITED, Newcastle

Suite A11 Dean Street Newcastle Upon Tyne NE1 1LE

HTA Real Estate are commercial property consultants based in the North East of England, specialising in industrial and logistics warehousing and land for sale or to let. From our base in Newcastle upon Tyne we cover Northumberland, Durham, Teesside and Tyne & Wear, including North Tyneside, Newcastle, Gateshead, Team Valley Trading Estate, South Tyneside, Washington and Sunderland.

We also provide investment and development advice along with assisting occupiers to acquire industrial and logistics properties and land in the North East region.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 1471FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by HTA REAL ESTATE LIMITED, Newcastle. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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