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Millennium 'Small Box' Portfolio, Team Valley Washington New York Boldon Backworth

£6,419,500

£105.28 per sq ft

Business rates & charges may apply

HTA REAL ESTATE LIMITED, Newcastle
SIZE AVAILABLE

60,973 sq ft

5,665 sq m

SECTOR

Light industrial facility for sale

Key features

  • A unique opportunity to acquire a portfolio of five, prime industrial units across the North East of England
  • Over 80% of the portfolio income to 'Creditsafe 100 / A' or NHS entities
  • Low passing rent across the portfolio
  • At the time of marketing the reversionary yield sits at c. 7.79%
  • The reversionary income can be realised across c. 55% of the portfolio in under a 3 year period,
  • £6,419,500 reflects a reversionary yield of 7.79% and a low overall capital value of c. £105.28 /ft.

Description

Five modern, high specification units reflecting current occupier and investor demands

Excellent access to the transport infrastructure both by road and sea nationally and internationally

Good range of unit sizes offered suit a large number of storage, distribution, manufacturing and logistics occupiers

Liquid assets with opportunity for future individual disposals or sales to owner occupiers at a premium

Immediate access to a rostrum of extremely strong tenant income

Attractive WAULT of 9.06 years to expiry and 7.23 years to break

Low passing rent across the portfolio

Tier of the market which is experiencing significant upward pressure on rents - at the time of marketing the reversionary yield sits at c. 7.79%

Over 80% of the portfolio income to 'Creditsafe 100 / A' or NHS entities

Brochures

Millennium 'Small Box' Portfolio, Team Valley Washington New York Boldon Backworth

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Dunston Station1.9 miles
  • Gateshead Stadium Tram Stop2.4 miles
  • Felling Metro Station2.5 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

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Disclaimer - Property reference 1472FH. 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.

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