Log In/Sign up
Your email has been sent.
6B Hackworth Industrial Park 10,000 sq ft 100% Let Industrial Property Shildon DL4 1HG £600,000 (£60/sq ft) 7.23% Net Initial Yield
Investment Highlights
- Single let to strong covenant
- The property is situated in Hackworth Industrial Park, a well-established industrial area in Shildon, about 2 miles southeast of Bishop Auckland
- Fixed uplift to £5 per sq ft February 2027
Executive Summary
The property is fully let to The Auckland Project (07931440) for a term of 20 years from February 2019. Currently let off a low passing rent of £45,000 per annum this
increases to £50,000 per annum in February 2027 before an open market rent review in February 2028. There are break clauses in February 2029 and 2034.
We are seeking offers in excess of £600,000 reflecting a NIY of 7.23% with a revisionary yield of 8.03% after assuming purchasers costs of 3.75%
Tenure-We understand the property is available freehold under title DU358989
increases to £50,000 per annum in February 2027 before an open market rent review in February 2028. There are break clauses in February 2029 and 2034.
We are seeking offers in excess of £600,000 reflecting a NIY of 7.23% with a revisionary yield of 8.03% after assuming purchasers costs of 3.75%
Tenure-We understand the property is available freehold under title DU358989
Property Facts
| Price | £600,000 | Costar Property Class | C |
| Price per sq ft | £60 | Total Plot Size | 5.07 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 10,000 sq ft |
| Yield | 7.23% | No. Floors | 1 |
| Tenure | Freehold | Year Built | 1960 |
| Property Type | Industrial | Parking Allocation | 0.42/1,000 sq ft |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 3 |
| Price | £600,000 |
| Price per sq ft | £60 |
| Sale Type | Investment |
| Yield | 7.23% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Costar Property Class | C |
| Total Plot Size | 5.07 ac |
| Net Internal Area (NIA) | 10,000 sq ft |
| No. Floors | 1 |
| Year Built | 1960 |
| Parking Allocation | 0.42/1,000 sq ft |
| No. Dock-High Doors/Loading | 3 |
Amenities
- Fenced Lot
- Yard
- Roller Shutters
1 1
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
6B Hackworth Industrial Park
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.