Property photos
Just added
Freehold
£34,970,000
(£103.32/sq. ft)
Industrial for sale
Infinity 'big Box' Portfolio, Durham, South Shields, And Seaham NE34338,477 sq. ft
Local area information
Property location
Nearby amenities
- Lord Blyton Primary School 0.3 miles
- Monkton Junior School 0.4 miles
- Newcastle International Ferry Terminal 1.5 miles
- South Shields Ferry Terminal 2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- 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.
+ 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
+ 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
Floor plans and tours
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More information
Listed by
HTA Real Estate
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