Portfolio of 11 Properties for Sale Offered at £21,000,000 in Multiple Locations
EXECUTIVE SUMMARY
The portfolio comprises a total of 70 units and is 100% occupied, let to 64 tenants in total reflecting diverse income, with no tenant reflecting more than 3.72% of the total income, and the top 10 tenants reflecting only 24.35% of the total income.
We are instructed to seek offers of £21,000,000 (Twenty One Million Pounds) Subject to Contract and Exclusive of VAT. This reflects a Net Initial Yield of 6.00% after allowing for purchaser’s costs of 6.75%.
We are instructed to seek offers of £21,000,000 (Twenty One Million Pounds) Subject to Contract and Exclusive of VAT. This reflects a Net Initial Yield of 6.00% after allowing for purchaser’s costs of 6.75%.
PROPERTY FACTS
| Price | £21,000,000 |
| Price / SF | £148.19 / SF |
| Net Initial Yield | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 11 |
| Individually For Sale | 0 |
| Total Building Size | 141,714 SF |
| Total Land Area | 68.02 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Cone & Yard Space
Lemington Rd, Newcastle Upon Tyne NE15 8BU |
Industrial | 3,340 SF | 1787 | - |
| 1306 N 13th St, Norfolk 68 701 | Office | 3,000 SF | 1997 | - |
|
1-3 Punch Street
Punch St, Middlesbrough TS1 5RY |
Industrial | 41,280 SF | 1971 | - |
| Cannon Park, Middlesbrough TS1 5RY | Industrial | 6,200 SF | 2024 | - |
|
Phase One, Units 1-10
Lemington Rd, Newcastle Upon Tyne NE15 8BU |
Industrial | 24,070 SF | 1990 | - |
| Cannon Park, Middlesbrough TS1 5RY | Industrial | 4,650 SF | 2023 | - |
| Urlay Nook Rd, Stockton on Tees TS16 0TA | Industrial | 6,272 SF | 2023 | - |
| Urlay Nook Rd, Stockton on Tees TS16 0GS | Industrial | 10,976 SF | 2024 | - |
| Urlay Nook Rd, Stockton on Tees TS16 0TA | Industrial | 10,976 SF | 2024 | - |
|
The Old Glass Works
Lemington Rd, Newcastle upon Tyne NE15 8SX |
Industrial | 17,000 SF | 1950 | - |
| 9-18 Lemington Rd, Newcastle upon Tyne NE15 8SX | Industrial | 13,950 SF | 2023 | - |
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