HIGH YIELDING, REVERSIONARY MULTI-LET INDUSTRIAL INVESTMENT WITH DEVELOPMENT LAND
• Aycliffe Business Park is a key component of the North East economy extending to almost 1,000 acres and is the home of approximately 500 companies.
• Significant asset management opportunities to improve NOI.
• Property held by way of two ground leases for a term of 989 years from 2013.
• Option to buy the freehold for £100 per lease from 2030.
• Total site area of approximately 10.63 acres (4.3 hectares) including approximately 1.64 acres of development land.
• The estate comprises of 24 units with a total floor area of 17,463 sq. m (187,973 sq. ft.).
• Total contracted rent of £257,844 per annum equating to a low £1.67 per sq.ft. on industrial accommodation.
• Reversionary rents.
• Low Capital Value of £14.63 per sq. ft.
• 14.95% attractive reversionary yield.
Listed Features
- Business Park
- General Land
- Development
- Parking
