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6B Hackworth Industrial Park 10,000 SF 100% Leased Industrial Building Shildon DL4 1HG $1,129,986 CAD ($113.00 CAD/SF) 7.23% Cap Rate
Investment Highlights
- Single let to strong covenant
- The property is situated in Hackworth Industrial Park, a well-established industrial area in Shildon, about 2 miles southeast of Bishop Auckland
- Fixed uplift to £5 per sq ft February 2027
Executive Summary
The property is fully let to The Auckland Project (07931440) for a term of 20 years from February 2019. Currently let off a low passing rent of £45,000 per annum this
increases to £50,000 per annum in February 2027 before an open market rent review in February 2028. There are break clauses in February 2029 and 2034.
We are seeking offers in excess of £600,000 reflecting a NIY of 7.23% with a revisionary yield of 8.03% after assuming purchasers costs of 3.75%
Tenure-We understand the property is available freehold under title DU358989
increases to £50,000 per annum in February 2027 before an open market rent review in February 2028. There are break clauses in February 2029 and 2034.
We are seeking offers in excess of £600,000 reflecting a NIY of 7.23% with a revisionary yield of 8.03% after assuming purchasers costs of 3.75%
Tenure-We understand the property is available freehold under title DU358989
Property Facts
| Price | $1,129,986 CAD | Building Class | C |
| Price Per SF | $113.00 CAD | Lot Size | 5.07 AC |
| Sale Type | Investment | Rentable Building Area | 10,000 SF |
| Cap Rate | 7.23% | No. Stories | 1 |
| Tenure | Freehold | Year Built | 1960 |
| Property Type | Industrial | Parking Ratio | 0.42/1,000 SF |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 3 |
| Price | $1,129,986 CAD |
| Price Per SF | $113.00 CAD |
| Sale Type | Investment |
| Cap Rate | 7.23% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 5.07 AC |
| Rentable Building Area | 10,000 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 0.42/1,000 SF |
| No. Dock-High Doors/Loading | 3 |
Amenities
- Fenced Lot
- Yard
- Automatic Blinds
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6B Hackworth Industrial Park
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