3 New Build Industrial Estates

3x prime new build industrial / trade counter estates located across Newcastle, Middlesbrough and Stockton-on-Tees. Each asset is strategically situated within established commercial hubs with excellent transport links, robust local economies and strong demand for industrial and trade units. The portfolio comprises a total of 70 units and is 100% occupied, let to 64 tenants in total reflecting diverse income, with no tenant reflecting more than 3.72% of the total income, and the top 10 tenants reflecting only 24.35% of the total income. Total Floor Area of 126,071 sq ft across the three estates, with an average unit size of 1,801 sq ft. All estates are held on a Freehold basis. All units have an EPC ratings of A and B, and are provided with a 10-year latent defects insurance backed guarantee, offering future proofed assets. Combined total passing rent of £1,345,300 per annum providing an average passing rent of £10.67psf. The Portfolio provides 35 lease events within the first 3 years offering short term scope to capture rental growth. Projected RPI linked rental growth provides a reversion to c. £1,667,333 pa by 2031.