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East, Park View Road Brenda Rd 286,841 sq ft 100% Let Industrial Property Hartlepool TS25 1HT £7,500,000 (£26.15/sq ft) 8.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Large open plan and adaptable space
- Large land area surrounding building
- Located within an established industrial area
EXECUTIVE SUMMARY
This property is a well specified, ‘big box’ industrial unit totalling 189,585 ft². It currently has a a highly invested tenant who has recently committed to a lease renewal and has been on site for over 18 years with 9.25 years unexpired on the lease. The property is let to View Logistics Limited & Guaranteed by Victoria PLC. The property has a current income of £700,000 per annum reflecting a low rent of £3.70 /ft² on an overall basis. The site in general is 10.50 acres with a low site coverage of approximately 42%.
PROPERTY FACTS
| Price | £7,500,000 | Total Plot Size | 6.89 ac |
| Price per sq ft | £26.15 | Net Internal Area (NIA) | 286,841 sq ft |
| Sale Type | Investment | No. Floors | 2 |
| Yield | 8.75% | Year Built | 1991 |
| Tenure | Freehold | Parking Allocation | 0.34/1,000 sq ft |
| Property Type | Industrial | No. Dock-High Doors/Loading | 2 |
| Property Subtype | Manufacturing | No. Drive In / Grade-Level Doors | 8 |
| Costar Property Class | B |
| Price | £7,500,000 |
| Price per sq ft | £26.15 |
| Sale Type | Investment |
| Yield | 8.75% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Costar Property Class | B |
| Total Plot Size | 6.89 ac |
| Net Internal Area (NIA) | 286,841 sq ft |
| No. Floors | 2 |
| Year Built | 1991 |
| Parking Allocation | 0.34/1,000 sq ft |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 8 |
AMENITIES
- Fenced Lot
- Security System
- Yard
- Roller Shutters
- Storage Space
- On-Site Security Staff
UTILITIES
- Lighting
- Water
- Sewer
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East, Park View Road | Brenda Rd
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