Investment for sale

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