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Investment

Investment For Sale Gateshead

PROPERTY ID: 147132

PROPERTY TYPE

Investment

STATUS

Available

SIZE

189,585 sq.ft

Key Features

Well specified, 'big box' industrial unit totalling 17,613.05 sq m (189,585 sq ft)
Well located logistics and distribution unit with good links to the North East and Yorkshire via the A19 / A1(M) in close proximity
Let on a 10 year straight lease w.e.f 13 January 2025 expiring 12 January 2035 - 9.25 years unexpired.
Let to View Logistics Limited & Guaranteed by Victoria PLC on two coterminous leases at a combined rent of £700,000 per annum
Rent review in year 5 linked to CPI with annual CPI increases thereafter (capped at 2%)
We are instructed to seek offers in excess of £7,500,000 reflecting a Net Initial Yield of 8.75% and a low capital value of £39.56 per sq ft

Property Details

Industrial Investment For Sale - View Logistics, Park View Road East, Hartlepool.

The Property Is Securely Let At A Headline Rent Of £700,000 Per Annum With C. 9.25 Years Unexpired On The Lease.

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About the Agent

HTA Real Estate

See Agent's Other Properties

Investment Unit

£7,500,000 Freehold

View Logistics Ltd,Brenda Road, Gateshead, TS25 1HT
Investment - Available
189,585 sq ft
17,613 sqm
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