Delta Capital Property Investment, acting jointly with Lewis & Partners, is pleased to have completed the sale of Units 18-39 Sedling Road, a multi-let industrial investment on Wear Industrial Estate, Washington.

The estate sits directly off the A195 Western Highway, close to Junction 65 of the A1(M), and the A19 gives a further link to the national road network. Occupiers on the wider estate include Rolls-Royce, Makro and JC Atkinson, and the Nissan plant is around 4.5 miles away.

The freehold comprised ten fully let industrial buildings with car parking. Most are single-storey terraced workshop units of steel portal frame construction. In total the property provides 76,090 sq ft (7,070 sq m). At the time of sale it produced a passing rent of £253,130 per annum, an average of £3.33 per sq ft.

Recent lettings on the estate support an estimated rental value of £325,414 per annum, an average of £4.28 per sq ft. With several leases approaching expiry or review, the buyer has a clear opportunity to capture that reversion.

The sale reflects continued investor demand for multi-let industrial estates in well-connected North East locations, particularly where rents sit below market levels.

If you are considering selling a commercial property investment in Tyne and Wear or across the North East, please get in touch for an informal conversation. Investors can join our mailing list to receive new opportunities, including those offered off-market.

Daniel Capobasso MRICS

Managing Director, Delta Capital Property Investment

T: 07968 618948

E: dc@deltacap.co.uk