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Hunter Road - South West Industrial Estate, Peterlee, DUR

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South West Industrial Estate Hunter Road

Peterlee, SR8 2HS

Property type:Industrial Sub type:Warehouse Status:Existing Year built:1987
Building size:46,268 sq ft Land area:2.59 AC (112,664 SF)
Eaves height:18'0'' Loading docks:3 ext
For sale price:£1,160,000 Price:£25.07 sq ft
Yield:9.24 %
Sprinklers:- Drive in bays:2 tot.
Parking:63 Surface spaces are available; Ratio of 1.36/1,000 SF Amenities:Fenced Lot, Yard, Roller Shutters

The property comprises a building is of steel frame construction with profile sheet cladding panels to the elevations and to the roof which is predominantly arranged on the ground floor. The unit also provides ancillary office accommodation over two floors to the front of the building.

The property is located on Hunter Road in Peterlee, midway between Newcastle upon Tyne to the north and Teesside to the south. Access to the principle population areas of Middlesbrough, Sunderland and Newcastle is provided by the A19 dual carriageway trunk road, which links to the A1M and to the national motorway network.

Sale Notes:
* Freehold manufacturing/warehouse facility extending to 4,298 sq. m (46,263 sq. ft.)
* Located on one of the North East's major industrial parks Let to Design and Security Services Ltd, with lease expiry on 4th May 2024
* Low passing rent of £113,500 per annum (£2.45 per sq. ft.)
* Offers in excess of £1.16 million reflecting a net initial yield of 9.24% after deducting purchaser's costs
* A purchase at this level reflects a low capital value of only £25 per sq. ft.

Naylors Gavin Black
Chris Donabie

Chris Donabie

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