PHS – Unit 1, South West Ind Est, Peterlee

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PHS – Unit 1 Bracken Hill, Peterlee SR8 2LS – Industrial Investment 2025Download
  • Single let industrial unit extending to 981.64 sq m (10,566 sq ft)
  • Located on the established North West Industrial Estate with over 375k sq m (4 million sq ft) of commercial space
  • Immediately adjacent to the A19 trunk road offering direct access to the regional road network
  • Let to Personnel Hygiene Services Limited for 20 years from 27th May 2010 proving an unexpired term of 5.2 years
  • Rent review higher of OMV or uncapped RPI
  • Tenant in occupation for over 25 years
  • Rent £65,400 representing £66.52 per sq m (£6.18 per sq ft)

We are instructed to seek offers in excess of £825,000 (Eight Hundred and Twenty-Five Thousand Pounds), which reflects a net initial yield of 7.51% after purchaser’s costs at 5.53%. This will rise further once the May 2025 rent review is settled. See below.