- Rare opportunity to acquire an established multi-let industrial estate
- Strategically located within 4 miles of the A19
- 12 unit multi-let industrial estate of 14,400 sq ft on a freehold site of 1.82 acres
- 11 of 12 units let (94% by area) to 11 occupiers, with no tenant above c. 15% of income
- Total income of £83,381 per annum with a reserved ERV of £94,000 per annum
- WAULT to expiry of 1.68 years & 1.61 years to break
- Four leases (c.43% of income) expire in 2027, all below ERV, so re-gear opportunities are imminent
- Over 60% of the income contracted out of the Landlord and Tenant Act 1954
- Historically strong tenant retention across the estate with asset management opportunities
- Seeking offers in excess of £1,025,000 reflecting a net initial yield of 7.69%, a reversionary yield of 8.67% off a low capital value of £71.20 per sq ft.
For Sale - Multi-Let Industrial Investment : Units 1-12, Blackhall Industrial Estate, Hackworth Road, Hartlepool, County Durham TS27 4EL
Rare opportunity to acquire an established multi-let industrial investment in County Durham extending to 14,400 sq ft.
Strong tenant retention across the estate, reversionary with asset management opportunities. Over 60% of the income contracted out of the Landlord and Tenant Act 1954.
Seeking offers in excess of £1,025,000 reflecting a net initial yield of 7.69%, a reversionary yield of 8.67% off a low capital value of £71.20 per sq ft.
Blackhall Industrial Estate is located within the coastal settlement of Blackhall Colliery in County Durham, approximately 12 miles south of Sunderland, 15 miles south-east of Durham City and 10 miles north of Hartlepool.
The estate benefits from excellent connectivity to the regional and national road network, being located immediately west of the A19, one of the North East's principal arterial routes.
The A19 provides direct access northwards to Sunderland, Newcastle upon Tyne and the Tyne Tunnel, and southwards to Hartlepool, Middlesbrough and the wider Teesside conurbation. The estate is also within convenient reach of the A1(M), accessed via the A690 and A689, facilitating connectivity to the national motorway network and major centres throughout the North East and beyond.
Blackhall Colliery Industrial Estate occupies a well-established commercial location on the western side of Blackhall Colliery, accessed directly from the A19 (4 miles east) via the B1281 and local distributor roads.
All figures quoted are exclusive of VAT which may apply.
The EPC Certificates for the property are available on request.