£34,970,000
(£103.32/sq. ft)
Industrial for saleInfinity 'big Box' Portfolio, Durham, South Shields, And Seaham NE34
338,477 sq. ft
About this property
Portfolio of three prime North East 'Big Box' investment assets
Total gia 338,477 sq ft
£34,970,000 exclusive of VAT
Combined net Initial Yield of 5.50% after allowing for purchaser's costs of 6.77%.
Combined WAULT of the portfolio 9.03 years to break options and 11.61 years to expiry
Reversionary yield of 6.67% and a low overall capital value of c. £103.30 /ft
Assets available individually.
+ Modern, high specification units reflecting current occupier and investor demands
+ Excellent access to the transport infrastructure both by road and sea nationally and internationally
+ The range of sizes offered suit a large number of storage, distribution, manufacturing and logistics occupiers
+ An acquisition provides immediate access to a rostrum of extremely strong internationally known tenants
+ Significant capital expenditure outlay by all tenants since occupying units with all assets providing a regional hub for the businesses
+ Attractive WAULT of 11.61 years to expiry and 9.03 years to break
+ Strong market dynamic of no pipeline supply, significant occupier demand and ongoing rental growth
+ Continued restrictive development pipeline due to build cost / rent imbalance
+ Low passing rent across the portfolio
Mortgage calculator
£174,937 per month
70+ lenders and 10,000+ products
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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