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Investment For Sale, View Logistics Ltd, Brenda Road, Hartlepool, Durham, TS25 1HT

£7,500,000

£39.56 per sq ft

Business rates & charges may apply

HTA REAL ESTATE LIMITED, Newcastle
SIZE AVAILABLE

189,585 sq ft

17,613 sq m

SECTOR

Commercial property for sale

Key features

  • Well specified, 'big box' industrial unit totalling 17,613.05 sq m (189,585 sq ft)
  • Well located logistics and distribution unit with good links to the North East and Yorkshire via the A19 / A1(M) in close proximity
  • Let on a 10 year straight lease w.e.f 13 January 2025 expiring 12 January 2035 - 9.25 years unexpired.
  • Let to View Logistics Limited & Guaranteed by Victoria PLC on two coterminous leases at a combined rent of £700,000 per annum
  • Rent review in year 5 linked to CPI with annual CPI increases thereafter (capped at 2%)
  • We are instructed to seek offers in excess of £7,500,000 reflecting a Net Initial Yield of 8.75% and a low capital value of £39.56 per sq ft

Description

Industrial Investment For Sale - View Logistics, Park View Road East, Hartlepool.

The property is securely let at a headline rent of £700,000 per annum with c. 9.25 years unexpired on the lease.

Brochures

Investment For Sale, View Logistics Ltd, Brenda Road, Hartlepool, Durham, TS25 1HT

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Seaton Carew Station0.3 miles
  • Hartlepool Station1.8 miles
  • Billingham Station4.7 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 1475FH. 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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