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Wavin Plastics St Johns Rd 174,607 sq ft Industrial Property Durham DH7 8RJ £8,000,000 (£45.82/sq ft) 7.50% Net Initial Yield
Investment Highlights
- Newly Refurbsihed Industrial Unit
- Annual Rent of £603,000
- Let to a Single Occupier - Pragmatic Semiconductor Limited
Executive Summary
This high-specification industrial facility comprises a modern steel portal frame structure, recently recladded to enhance performance and aesthetics.
The building offers a eaves height ranging from 5.6m to 11.6m, accommodating a variety of industrial uses and storage requirements.
The building is currently leased to Pragmatic Semiconductor Limited on a 15 year term lease starting from February 2022 and a break option in February 2032. The rent is 603,000 per annum with RPI rent reviews every 5 years.
Offers in excess of £8,000,000
The building offers a eaves height ranging from 5.6m to 11.6m, accommodating a variety of industrial uses and storage requirements.
The building is currently leased to Pragmatic Semiconductor Limited on a 15 year term lease starting from February 2022 and a break option in February 2032. The rent is 603,000 per annum with RPI rent reviews every 5 years.
Offers in excess of £8,000,000
Property Facts
| Price | £8,000,000 | Net Internal Area (NIA) | 174,607 sq ft |
| Price per sq ft | £45.82 | No. Floors | 2 |
| Sale Type | Investment | Year Built | 1985 |
| Yield | 7.50% | Tenancy | Single |
| Tenure | Freehold | Parking Allocation | 0.87/1,000 sq ft |
| Property Type | Industrial | Eaves Height | 38 ft (11.58 m) |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 6 |
| Costar Property Class | B | No. Drive In / Grade-Level Doors | 6 |
| Total Plot Size | 22.97 ac |
| Price | £8,000,000 |
| Price per sq ft | £45.82 |
| Sale Type | Investment |
| Yield | 7.50% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Costar Property Class | B |
| Total Plot Size | 22.97 ac |
| Net Internal Area (NIA) | 174,607 sq ft |
| No. Floors | 2 |
| Year Built | 1985 |
| Tenancy | Single |
| Parking Allocation | 0.87/1,000 sq ft |
| Eaves Height | 38 ft (11.58 m) |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 6 |
Amenities
- Fenced Lot
- Yard
- Roller Shutters
- Storage Space
Utilities
- Lighting
- Water
- Sewer
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Wavin Plastics | St Johns Rd
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