£7,500,000
(£39.56/sq. ft)
Property for saleInvestment For Sale, View Logistics Ltd, Brenda Road, Hartlepool, Durham TS25
189,585 sq. ft
About this property
Well specified, 'big box' industrial unit totalling 17,613.05 sq m (189,585 sq ft)
Well located logistics and distribution unit with good links to the North East and Yorkshire via the A19 / A1(M) in close proximity
Let on a 10 year straight lease w.e.f 13 January 2025 expiring 12 January 2035 - 9.25 years unexpired.
Let to View Logistics Limited & Guaranteed by Victoria plc on two coterminous leases at a combined rent of £700,000 per annum
Rent review in year 5 linked to cpi with annual cpi increases thereafter (capped at 2%)
We are instructed to seek offers in excess of £7,500,000 reflecting a Net Initial Yield of 8.75% and a low capital value of £39.56 per sq ft
The property is securely let at a headline rent of £700,000 per annum with c. 9.25 years unexpired on the lease.
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