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Skerne House Broomside Ln 15,660 sq ft 100% Let Industrial Property Durham DH1 1TT £1,780,000 (£113.67/sq ft) 6.29% Net Initial Yield
Investment Highlights
- Prime Located Multi-Let Industrial Property
- Belmont Industrial Estate is strategically located at Junction 62 of the A1(M)
- The leases include a combination of uncapped RPI and Open Market Rent (OMR) reviews
- High specification modern units constructed in 2022 totalling 15,660 sq ft
- Current passing rent of £109,700 per annum equating to a low reversionary rent of £7.01 psf.
- The units are leased to L-Pac Packaging and the strong covenant of BDW Trading Limited, part of Barratt Redrow PLC
Executive Summary
The freehold of this multi let industrial investment opportunity is available for the guide price of £1.78 million providing a yield of 6.29%.
Property Facts
| Price | £1,780,000 | Property Subtype | Distribution Warehouses |
| Price per sq ft | £113.67 | Costar Property Class | B |
| Sale Type | Investment | Total Plot Size | 1.00 ac |
| Yield | 6.29% | Net Internal Area (NIA) | 15,660 sq ft |
| Tenure | Freehold | No. Floors | 1 |
| Property Type | Industrial | Year Built | 2022 |
| Price | £1,780,000 |
| Price per sq ft | £113.67 |
| Sale Type | Investment |
| Yield | 6.29% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Distribution Warehouses |
| Costar Property Class | B |
| Total Plot Size | 1.00 ac |
| Net Internal Area (NIA) | 15,660 sq ft |
| No. Floors | 1 |
| Year Built | 2022 |
Amenities
- 24 Hour Access
- Air Conditioning
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Skerne House | Broomside Ln
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