- Manufacturing facility and offices extending to 8,600 sq m (92,579 sq ft)
- Located on the established Dalton Airfield Industrial Estate with excellent access to A1 and A19
- Let to the Greif Flexibles UK Limited for 10 years from July 2015 (tenant break at year 5) with ING Bank rental bond for first 5 years of term
- Tenant in occupation for over 18 years
- Tenant committed to significant planned maintenance over next 5 years
- Rent £350,184 per annum
We are instructed to seek offers in excess of £3,000,000 (Three Million Pounds), which reflects a net initial yield of 11.03% after purchaser’s costs at 5.80% and 11.41% if a company acquisition is made.