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Industrial Unit

Industrial Unit For Sale South Shields

PROPERTY ID: 146344

PROPERTY TYPE

Industrial Unit

STATUS

Available

SIZE

338,477 sq.ft

Key Features

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.

Property Details

+ 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

About the Agent

Industrial Unit

£34,970,000 Freehold

Infinity 'Big Box' Portfolio,Shaftesbury Avenue, South Shields, NE34 9PH
Industrial Unit - Available
338,477 sq ft
31,446 sqm
Show phone number

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