Millennium 'Small Box' Portfolio, Team Valley Washington New York Boldon Backworth
Size
60,973
Tenure
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EPC
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Parking
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- Primary use
- Light industrial
- Other use(s)
- Other
No floor / site plan
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
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
- Clear height
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- Yard depth
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- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Millennium 'Small Box' Portfolio, Team Valley Washington New York Boldon Backworth
About HTA REAL ESTATE LIMITED, Newcastle
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.
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