- Located in a strategic logistics location with excellent access to the A19 & A1(M)
- The property is single let to Kinaxia Logistics & Fulfilment Ltd with c. 4.70 years unexpired on the lease and guaranteed by Kinaxia Transport & Warehousing Ltd
- Significant reversionary potential - low passing rent of £461,000 per annum (£4.50 per sq ft)
- Freehold site which extends to 6.43 acres (2.6 hectares) and benefits from a low site coverage of 43% and full 360 circulation
- Significant tenant commitment to the building - May 2026 break notice was not served and tenant expending capital on building to improve operational efficiency
- The lease is excluded from Sections 24-28 of the Landlord & Tenant Act 1954
- Offers in excess of £7.045m, reflecting a net initial yield of 6.14%, day 1 reversionary yield on completing the rent review of 7.84% and a reversionary yield of 9.83% on letting the office space.
- Quoting reflects a very low capital value of £48.52 per sq ft.
For Sale - Mission Critical Industrial Investment : Kinaxia Logistics , Camberwell Way, Doxford Int Business Park, Sunderland , SR3 3BE
Strategically located, single let industrial investment extending to 145,200 sq ft, let to Kinaxia Logistics with 4.70 years unexpired on the lease.
Offers in excess of £7.045m, reflecting a net initial yield of 6.14%, day 1 reversionary yield on completing the rent review of 7.84% and a reversionary yield of 9.83% on letting the office space.
Quoting reflects a very low capital value of £48.52 per sq ft.
Sunderland is located in the North East of England on the coast along the mouth of the River Wear. Sunderland is approximately 12 miles south east of Newcastle Upon Tyne, 12 miles east of Durham and 27 miles north of Middlesbrough.
The property is strategically situated on Doxford International Business Park, 4 miles south-west of Sunderland City Centre; providing excellent access to the regional and national motorway network.
The estate benefits from direct connectivity to the A19, one of the North East's principal north-south arterial routes, which in turn provides access to the A1(M) approximately 6 miles to the west. The location offers efficient distribution links throughout the North East, Yorkshire and the wider UK motorway network.
Surrounding occupiers include EE, RE:GEN Group, Fairstone, EDF, Royal Mail, Arriva, Gentoo Group, Regus, Busy Bees and David Lloyd Gym.
All figures quoted are exclusive of VAT which may apply.
The EPCs are available on request.