MULTI-LET INDUSTRIAL INVESTMENT - Units 1 - 12 Blackhall Industrial Estate, Hartlepool, County Durham , TS27

Key features

• Rare opportunity to acquire an established multi-let industrial estate
  
• Strategically located within 4 miles of the A19
• 12 unit multi-let industrial estate of 14,400 sq ft on a freehold site of 1.82 acres
• 11 of 12 units let (94% by area) to 11 occupiers, with no tenant above c. 15% of income
• Total income of £83,381 per annum with a reserved ERV of £94,000 per annum
• WAULT to expiry of 1.68 years & 1.61 years to break
• Four leases (c.43% of income) expire in 2027, all below ERV, so re-gear opportunities are imminent
• Over 60% of the income contracted out of the Landlord and Tenant Act 1954
• Historically strong tenant retention across the estate with asset management opportunities
• Seeking offers in excess of £1,025,000 reflecting a net initial yield of 7.69%, a reversionary yield of 8.67% off a low capital value of £71.20 per sq ft.