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AVAILABLE

Multi-Let Industrial Investment with Substantial Reversion

Price:

£3,000,000 (7.93% NIY)

76,090 sq ft

INVESTMENT SUMMARY


  • Extremely well connected property on Wear Industrial Estate in Washington

  • Directly off the A195 Western Highway within close proximity to Junction 65 of the A1(M)

  • Comprising 10 full let industrial buildings with car parking

  • Total floor area of 76,090 sq ft / 7,070 sq m

  • Total passing rent of £253,130 per annum, calculating to an average of only £3.33 psf

  • Recent lettings on the estate indicate a highly reversionary asset with a conservative ERV totalling £325,414 per annum (£4.28 psf average)

  • Freehold sale


Seeking offers in excess of £3,000,000


A sale at this level reflects a net initial yield of 7.93% and a conservative reversionary yield of 10.19%

Property Details

Location Details

Washington, Tyne & Wear

Sector

Industrial

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