AVAILABLE
Fully let Industrial Investment in Peterlee for sale | 8.10% NIY | Cap val only £35 psf
Price:
£1,050,000 (8.10% NIY)
30,350 sq ft
INVESTMENT SUMMARY
Entirely let to Central Doorset Manufacturing Limited
Rent of £90,000 per annum across two leases
Unit 3 is let until December 2028 & Unit 4 is let until 2033 with tenant break in March 2028
WAULT to breaks of 4.22 years and 6.73 years to expiry.
30,350 sq ft buildings in total
Total site area of 1.25 acres
Freehold with title number DU266368
EPC rating - C
Very low passing rent of only £2.97 psf
Seeking offers in excess of £1,050,000 reflecting a net initial yield of 8.10%, reversionary yield of approximately 10.80% and a very low capital value of only £35 psf
Property Details
Location Details
County Durham
Sector
Industrial
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An outstanding opportunity
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