- The portfolio comprises a converted pavilion office alongside two high-quality hybrid units, totalling a combined 25,686 sq ft.
- All three assets will be fully let to 3t Training Services Ltd on three new co-terminus FRI leases.
- The new leases will provide new unbroken 15-year lease term, with 5-yearly upwards only rent reviews to RPI (2%-4%).
- Total rent roll of £216,002 pa, equating to a low average passing rent of £8.41 psf.
- 3t Training Services are the UK's biggest energy sector training provider and provide an unrivalled range of accredited training courses within their state of the art facilities.
- Virtual Freehold.
SALE & LEASEBACK INVESTMENT OPPORTUNITY - Total combined size for all three buildings
25,686 sq ft
Rare opportunity to acquire a three-asset single-let portfolio investment on the established Tyne Tunnel Trading Estate.
Hedley Court and Jupiter Court are positioned upon Orion Business Park, a large commercial centre, comprising modern industrial and office accommodation.
The Business Park itself forms part of the wider and highly established Tyne Tunnel Trading Estate, located in North Shields. The estate is located 6.5 miles east of Newcastle city centre and 3.2 miles west of Tynemouth, situated just off the A19, a major roadway link in the region. The location also benefits from being minutes from the Port of Tyne
All figures quoted are exclusive of VAT which may apply.
We are instructed to seek offers in excess of £2,350,000 (Two Million, Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 8.64% and a low Capital Value of £91.48 psf assuming Purchaser Costs of 6.38%.
Available on request.