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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An outstanding opportunity
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