AVAILABLE
Extremely prominent multi-let Industrial Investment with future redevelopment potential
Price:
£5,000,000 (7.08% NIY)
82,740
INVESTMENT SUMMARY
Extremely well-connected property, directly adjacent to the A1(M)
Excellent prominence from the A695 (Blaydon Highway)
An average in excess of 34,000 motor vehicles pass A695 every day (2023)
Site area of approximately 7 acres
Total passing rent of £377,500 per annum
Significant reversion to a conservative ERV of at least £475,000 per annum
Long term potential for redevelopment of the site, subject to planning
WAULT of 5.34 years to lease expiries and 4.04 years to breaks
Tenants include Hanover Dairies, Northgate Vehicle Hire & JC Decaux
Over 94% of the income is from tenants considered to be ‘Low’ or ‘Very Low’ risk by CreditSafe
Seeking offers in excess of £5,000,000
A sale at this level reflects a net initial yield of 7.08% and; a conservative reversionary yield of 8.91% assuming standard purchasers costs of 6.59%. A sale at £5m reflects a low capital value of £60.43 psf
Property Details
Location Details
Blaydon, Newcastle upon Tyne
Sector
Industrial
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An outstanding opportunity
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