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Skerne House Broomside Ln 15,660 SF 100% Leased Industrial Building Durham DH1 1TT $3,316,135 CAD ($211.76 CAD/SF) 6.29% Cap Rate
Investment Highlights
- Prime Located Multi-Let Industrial Property
- Belmont Industrial Estate is strategically located at Junction 62 of the A1(M)
- The leases include a combination of uncapped RPI and Open Market Rent (OMR) reviews
- High specification modern units constructed in 2022 totalling 15,660 sq ft
- Current passing rent of £109,700 per annum equating to a low reversionary rent of £7.01 psf.
- The units are leased to L-Pac Packaging and the strong covenant of BDW Trading Limited, part of Barratt Redrow PLC
Executive Summary
The freehold of this multi let industrial investment opportunity is available for the guide price of £1.78 million providing a yield of 6.29%.
Property Facts
| Price | $3,316,135 CAD | Property Subtype | Distribution |
| Price Per SF | $211.76 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 6.29% | Rentable Building Area | 15,660 SF |
| Tenure | Freehold | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2022 |
| Price | $3,316,135 CAD |
| Price Per SF | $211.76 CAD |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 1.00 AC |
| Rentable Building Area | 15,660 SF |
| No. Stories | 1 |
| Year Built | 2022 |
Amenities
- 24 Hour Access
- Air Conditioning
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Skerne House | Broomside Ln
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