Durham Industrial Portfolio, Co Durham Brochure
- 8 Multi-let industrial estates located in County Durham
- 62 units totalling 107,725 sq ft
- Range of units sizes from 525 sq ft to 15,000 sq ft
- Net rent after deduction of non-recoverable expenditure £268,000pa
- Potential net reversionary rent of £318,211pa
- We are instructed to seek offers of £2,700,000 (Two Million Seven Hundred Thousand Pounds), which reflects an initial yield of 10.15% and a net initial yield of 9.38% after deduction of service charge and empty rates shortfall and purchaser’s costs at 5.80%. This provides an estimated reversionary yield of 11.14% once fully let with no maintenance rent or empty rates shortfall.