Opportunity to acquire three multi-let industrial estates prominently located within County Durham.
• Totalling 28,775 sq ft (2,673.3 sq m) of workshop accommodation with units ranging in size from 800 sq ft to 2,850 sq ft.
• Buoyant occupational market with strong occupancy levels across the estates.
• Strong demand from owner occupiers with some units sold off an a long leasehold and freehold basis.
• The units are let on effective Full Repairing and Insuring terms subject to a service charge which covers repairs and maintenance to the estates.
• We have been instructed to seek offers in excess of £960,000 (Nine Hundred and Sixty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 9.03%, and a reversionary yield of 11.19% after purchasers’ costs of 5.71%.