DURHAM INDUSTRIAL PORTFOLIO

MULTI-LET INDUSTRIAL PORTFOLIO 8 MULTI-LET INDUSTRIAL ESTATES LOCATED IN MULTI-LET INDUSTRIAL PORTFOLIO | 8 MULTI-LET INDUSTRIAL ESTATES LOCATED IN COUNTY DURHAM INTRODUCTION

PORTFOLIO SUMMARY PORTFOLIO SUMMARY SOUTH HETTON MURTON INDUSTRIAL ESTATE 8 Multi-let industrial estates located in County South Hetton EASINGTON UNITS 3 & 4, KILBURN LANE ind est Durham DRIVE SOUTH J62 HETTON HIGH HORDEN SEAVIEW 62 units totalling 107,725 sq ft EASINGTON A182 COLLIERY WORKSHOPS HASWELL EASINGTON Range of units sizes from 525 sq ft to 15,000 sq ft A1(M) Horden PHOENIX WORKSHOPS Units 3 & 4 Seaview DURHAM SHERBURN Kilburn Drive Workshops VILLAGE Shotton SHOTTON COLLIERY Net rent after deduction of non-recoverable expenditure SHERBURN HILL Colliery NORTH EAST ind est NORTH WEST INDUSTRIAL Phoenix INDUSTRIAL ESTATE INDUSTRIAL ESTATE Workshops £268,000pa LUDWORTH ESTATE HORDEN SHOTTON SOUTH WEST THORNLEY STATION COLLIERY INDUSTRIAL INDUSTRIAL ESTATE Potential net reversionary rent of £318,211pa ESTATE A19 WHEATLEY HILL A181 Thornley BLACKHALL INDUSTRIAL ESTATE We are instructed to seek offers of £2,700,000 (Two Million Seven Wheatley Station COLLIERY Hill InD Est InD Est Hundred Thousand Pounds), which reflects an initial yield of 10.15% BOWBURN HESLEDEN WINGATE GRANGE and a net initial yield of 9.38% after deduction of service charge and empty WINGATE INDUSTRIAL ESTATE QUARRINGTON rates shortfall and purchaser’s costs at 5.80%. This provides an estimated HILL reversionary yield of 11.14% once fully let with no maintenance rent or Wingate MORE INFO Grange empty rates shortfall. The price reflects just £26.06 per sq ft capital value. InD Est COLLIERY PORTFOLIO LOCATION

The properties located in Peterlee, The properties are located close Property Address Area Sq ft Rent Net Rent after S/C No Units % Portfolio Shotton Colliery, South Hetton, to one another approximately 15 & Rates Shortfall by Floor Area Wheatley Hill and Wingate are all km (9 miles) to the east of Durham 1 South Hetton Industrial Estate, South Hetton DH6 2UZ 12,000 £43,300 £42,033 11 11.13% within County Durham. Durham City all within close proximity of 2 Units 3 & 4, Kilburn Drive, Peterlee SR8 4TQ 30,000 £52,500 £52,500 2 27.85% is a historic cathedral city with the A19 which together with the a resident population of some A1(M) form the two main north/ 3 Horden Seaview Workshops, Kilburn Drive, Peterlee SR8 4TQ 18,150 £47,699 £41,977 10 16.84% 42,939 people and wider County south routes connecting the Durham population of 513,200 North East region. Durham city 4 Pheonix Workshops, Blackhills Road, Peterlee SR8 4LG 10,000 £27,800 £26,100 3 9.29% people (Census 2011). Newcastle is served by the main east coast 5 Shotton Colliery Industrial Estate, Shotton Colliery DH6 2ND 8,000 £32,400 £31,680 8 7.44% upon Tyne is situated 25 km (15 London to Edinburgh rail line with miles) to the north, a journey time to London Kings 6 Thornley Station Industrial Estate, Shotton Colliery DH6 2QA 6,400 £23,400 £21,860 8 5.95% 21 km (13 miles) to the north east Cross of approximately 2 hours 7 Wheatley Hill Industrial Estate, Wheatley Hill DH6 3QZ 8,925 £26,450 £21,398 9 8.28% and 31 km (19 miles) and 30 minutes. to the south, with the Teesside 8 Unit 1 A&B & 1-9, Wingate Grange Industrial Estate, Wingate TS28 5AH 14,250 £36,612 £30,452 11 13.22% conurbation approximately 31 km 107,725 sq ft £290,161 £268,000 (19 miles) to the south east. SOUTH HETTON INDUSTRIAL ESTATE | SOUTH HETTON | DH6 2UZ INTRODUCTION

PORTFOLIO SUMMARY LOCATION SOUTH HETTON South Hetton is located 14.4 km (9 miles) east of INDUSTRIAL ESTATE Durham and 3.2 km (2 miles) west of the A19. The subject property is located off the A182 Front UNITS 3 & 4, KILBURN DRIVE Street which links the A690 dual carriage way to the north east with the A19 to the south east. HORDEN SEAVIEW WORKSHOPS DESCRIPTION PHOENIX WORKSHOPS South Hetton Industrial Estate is located on SHOTTON COLLIERY Pasteur Road and comprises 11 units in three INDUSTRIAL ESTATE parades and two standalone units. THORNLEY STATION Units 1-8 are situated in two parades and INDUSTRIAL ESTATE comprise brick built elevations under a pitched WHEATLEY HILL corrugated roof. Each unit has a steel roller shutter INDUSTRIAL ESTATE door and separate pedestrian access with shared yard area to the front. Units 11-13 are situated WINGATE GRANGE at the entrance to the estate and comprise brick INDUSTRIAL ESTATE built elevations with profile cladding to the front MORE INFO facia and a profile clad roof incorporating roof lighting. Each unit has a steel roller shutter door and separate pedestrian access with shared yard area to the front. Units 14 & 15 are of the same construction and are standalone units. Unit Tenant Sq ft Sq m Lease Start Lease Exp Rent Rent psf Maintenance Rent Comments EPC TENURE 1 The NE Mobility Warehouse Ltd 3,999 371.51 01 July 2013 30 June 2016 £12,500 £3.13 £1,600 C74 Break any time with 3 month 4 Creative Woodwork & Joinery 800 74.32 01 June 2013 31 May 2016 £3,200 £4.00 £240 Freehold. notice 5 Vacant 800 74.32 D 88 MAINTENANCE RENT 6 & 7 South Hetton Garage Ltd 1,601 148.64 01 June 2012 31 May 2015 £6,000 £3.75 £640 E105 8 Magnifecig Ltd 800 74.32 01 August 2014 31 July 2017 £3,600 £4.50 £400 Break 01 Sep 2015 & 01 Sep 2016 Maintenance rent £4,810 pa 01 September 11 Steven White t/a Swim ‘n’ Trim 800 74.32 31 August 2016 £3,600 £4.50 £400 F147 2013 Estate running costs inc management fee £4,800 pa 01 November 12 Martin Clark 800 74.32 31 October 2015 £3,600 £4.50 £400 Surplus (Deficit) £10 pa 2012 13 Mr Abdul Ali 800 74.32 01 August 2014 31 July 2017 £4,000 £5.00 £350 22 September 21 September ACCOMMODATION 14 Alan Kenney 800 74.32 £3,600 £4.50 £280 E115 2012 2015 Site area 0.645 Hectares (1.60 Acres) giving a 15 Claire Alexandra Stockdale 800 74.32 01 April 2014 31 March 2017 £3,200 £4.00 £500 Break 01 Apr 2015 & 01 Apr 2016 E124 site cover of 18%. 12,000 1,114.71 £43,300 £4,810 UNITS 3 & 4, KILBURN DRIVE | PETERLEE | SR8 4TQ INTRODUCTION

PORTFOLIO SUMMARY LOCATION SOUTH HETTON Kilburn Drive is located 17.6 km (11 miles) INDUSTRIAL ESTATE east of Durham, 17.6 km (11 miles) south of UNITS 3 & 4, KILBURN Sunderland and 2.5 km (1.5 miles) north west DRIVE of Peterlee town centre. The A19 is 4 km (2.5 miles) to the west. The subject property is HORDEN SEAVIEW located off Kilburn Drive, the main estate road, WORKSHOPS in an established industrial location. PHOENIX WORKSHOPS DESCRIPTION SHOTTON COLLIERY INDUSTRIAL ESTATE Units 3 & 4 Kilburn Drive comprises two THORNLEY STATION detached buildings facing onto a large secure INDUSTRIAL ESTATE yard area with palisade fencing. The units have a mixture of brick built and profile clad elevations WHEATLEY HILL with a profile clad roof incorporating roof INDUSTRIAL ESTATE lights. Both units have large steel roller shutter WINGATE GRANGE door access together with separate pedestrian INDUSTRIAL ESTATE access to internal office accommodation. Unit 4 has a second steel roller shutter door access to MORE INFO the west of the unit.

TENURE Freehold.

MAINTENANCE RENT

Maintenance rent £4,000 pa Estate running costs inc management £4,000 pa fee Surplus (Deficit) £0 pa Unit Tenant Sq ft Sq m Lease Start Lease Exp Rent Rent psf Maintenance Rent Comments EPC 3 Metromail Ltd 15,000 1,393 28 April 2009 27 April 2018 £26,250 £1.75 £2,000 Break 28 Apr 2015 E 106 Break 01 Mar 2016 £10k ACCOMMODATION 4 Panther Warehousing Plc 15,000 1,393 16 December 2013 28 February 2018 £26,250 £1.75 £2,000 C 71 penalty Site area 0.905 Hectares (2.23 Acres) giving a 30,000 2,786 £52,500 £4,000 site cover of 33%. HORDEN SEAVIEW WORKSHOPS | KILBURN DRIVE | PETERLEE | SR8 4TQ INTRODUCTION

PORTFOLIO SUMMARY LOCATION SOUTH HETTON Horden Seaview Workshops are located INDUSTRIAL ESTATE immediately opposite Units 3&4 Kilburn Drive on Timber Road. The estate is located 17.6 km UNITS 3 & 4, KILBURN (11 miles) east of Durham, 17.6 km (11 miles) DRIVE south of Sunderland and 2.5 km (1.5 miles) HORDEN SEAVIEW north west of Peterlee town centre. The A19 is 4 WORKSHOPS km (2.5 miles) to the west. The subject property is located off Kilburn Drive, the main estate PHOENIX WORKSHOPS road, in an established industrial location. SHOTTON COLLIERY INDUSTRIAL ESTATE DESCRIPTION THORNLEY STATION Horden Seaview Workshops comprises 10 INDUSTRIAL ESTATE modern units arranged in two separate parades facing a large block paved courtyard area. The WHEATLEY HILL units are of a high specification and incorporate INDUSTRIAL ESTATE profile cladding to all elevations and profile WINGATE GRANGE clad roofs incorporating roof lights. Each unit INDUSTRIAL ESTATE has an electric roller shutter door and separate pedestrian access via an aluminium framed MORE INFO double glazed entrance to an office area. The units incorporate lighting and heating.

Externally each unit has a dedicated block paved yard and parking area.

TENURE Unit Tenant Sq ft Sq m Lease Start Lease Exp Rent Rent psf Maintenance Rent Comments EPC Freehold. 1 & 9 Vacant 3,525 327.48 D100 2 Anthony Joseph McGinty 1,500 139.35 01 November 2012 30 October 2015 £5,000 £3.33 £500 Break 01 Nov 2014 D92

MAINTENANCE RENT Derwentside Homes Ltd Break any time with 3 3 2,025 188.13 01 January 2011 31 December 2014 £7,000 £3.46 £506 months notice C 57 Maintenance rent £4,025 pa 4 Mr Stephen Pugh 1,500 139.35 06 August 2012 05 August 2015 £5,000 £3.33 £500 D90 Estate running costs inc management £4,650 pa 5 Revival Environmental Ltd 2,025 188.13 01 April 2014 31 March 2017 £7,000 £3.46 £675 D98 fee 6 & 7 Peterlee Fire Company Ltd 3,525 327.48 01 June 2013 31 May 2016 £10,588 £3.00 £739 D94 Surplus (Deficit) (£625 pa) 8 PFC Marine Ltd 2,025 188.13 01 June 2013 31 May 2016 £6,111 £3.02 £405 D97

Derwentside Homes Ltd Break 28 May 2015 & ACCOMMODATION 10 2,025 188.13 28 May 2014 27 May 2017 £7,000 £3.45 £700 28 May 2016 C 69 Site area 0.626 Hectares (1.55 Acres) giving a 18,150 1,686.18 £47,699 £4,025 site cover of 29%. PHOENIX WORKSHOPS | BLACKHILLS ROAD | PETERLEE | SR8 4LG INTRODUCTION

PORTFOLIO SUMMARY LOCATION SOUTH HETTON Phoenix Workshops is located immediately INDUSTRIAL ESTATE off Blackhills Road close to Kilburn Drive and UNITS 3 & 4, KILBURN Horden Seaview. The estate is located 17.6 km DRIVE (11 miles) east of Durham, 17.6 km (11 miles) south of Sunderland and 2.5 km (1.5 miles) HORDEN SEAVIEW north west of Peterlee town centre. The A19 is WORKSHOPS 4 km (2.5 miles) to the west. PHOENIX WORKSHOPS

DESCRIPTION SHOTTON COLLIERY INDUSTRIAL ESTATE Phoenix Workshops comprises a parade of 3 modern units. The units are of a high THORNLEY STATION INDUSTRIAL ESTATE specification and incorporate part brick and part profile cladding to all elevations and profile clad WHEATLEY HILL roofs incorporating roof lights. Each unit has INDUSTRIAL ESTATE a roller shutter door and separate pedestrian WINGATE GRANGE access. INDUSTRIAL ESTATE

Externally each unit has a dedicated block paved MORE INFO yard and parking area.

TENURE Long leasehold 125 years from 1st April 1989 at a peppercorn.

MAINTENANCE RENT

Maintenance rent £1,750 pa Estate running costs inc management £3,450 pa Unit Tenant Sq ft Sq m Lease Start Lease Exp Rent Rent psf Maintenance Rent Comments EPC fee 1 Enviro-Build North East Ltd 2,500 232.25 01 August 2013 31 July 2016 £7,500 £3.00 £625 Break 01 Aug 2015 C 66 Surplus (Deficit) (£1,700 pa) Break 01 Jul 2015. 2 Mr IJ Archer & Ms A Stevenson 5,000 464.51 01 July 2013 30 June 2016 £11,000 £2.20 £750 Stepped rent to £12,500 C 70 ACCOMMODATION on 01 Jul 2015 Site area 0.352 Hectares (0.87 Acres) giving a 3 P.A.T.S. MOT (Horden) Ltd 2,500 232.25 01 June 2013 31 May 2016 £9,300 £3.72 £375 site cover of 28%. 10,000 929.01 £27,800 £1,750 SHOTTON COLLIERY INDUSTRIAL ESTATE | SHOTTON COLLIERY | DH6 2ND INTRODUCTION

LOCATION PORTFOLIO SUMMARY Shotton Colliery Industrial Estate is located in SOUTH HETTON INDUSTRIAL ESTATE Shotton Colliery and is 1.6 km (1 mile) west of the A19 and less than 0.8 km (0.5 miles) from UNITS 3 & 4, KILBURN North West and South West Industrial Estates DRIVE Peterlee. Durham is 12.8 km (8 miles) to the HORDEN SEAVIEW west, Sunderland 19.2 km (12 miles) to the WORKSHOPS north and Middlesbrough 24 km (15 miles) to the south. PHOENIX WORKSHOPS

The estate is located in a prominent position SHOTTON COLLIERY off Front Street one of the main roads running INDUSTRIAL ESTATE through Shotton Colliery. Keepmoat are currently developing 86 new homes directly THORNLEY STATION INDUSTRIAL ESTATE opposite in their The Homesteads scheme, while North and South West industrial estates WHEATLEY HILL are 0.8 km (0.5 miles) to the east providing INDUSTRIAL ESTATE around 4 Million sq ft of industrial and office WINGATE GRANGE accommodation. INDUSTRIAL ESTATE

DESCRIPTION MORE INFO Shotton Colliery Industrial Estate comprises 8 units arranged in three blocks. All are of similar construction and comprise part brickwork and part profile clad elevations with profile clad roofs. Two of the parades incorporate vertical glass roof lighting. Unit Tenant Sq ft Sq m Lease Start Lease Exp Rent Rent psf Maintenance Rent Comments EPC TENURE 1 AJ Noble t/a Shotton Tyre Ctre 800 74.32 01 December 2013 30 November 2016 £4,000 £5.00 £240 F150

Freehold. Just Perfect Ltd Renewing 3 year lease 2 & 4 1,600 148.65 01 November 2011 31 October 2014 £7,200 £4.50 £350 at current rent D82 MAINTENANCE RENT 3 James Tsang t/a GT Wok 800 74.32 04 August 2012 03 August 2015 £3,200 £4.00 £300 B 48 Worldwide Guitars Ltd Break 01 Feb 2015 & Maintenance rent £2,630 pa 5 800 74.32 01 February 2014 31 January 2017 £3,600 £4.50 £300 01 Feb 2016 Estate running costs inc management £3,350 pa Worldwide Guitars Ltd Break 01 Apr 2015 & fee 6 800 74.32 01 April 2014 31 March 2017 £3.600 £4.50 £240 01 Apr 2016 Surplus (Deficit) (£720 pa) 7 Mr D Bruce T/A Bruces Kitchen 800 74.32 01 August 2013 31 July 2016 £3,600 £4.50 £720 8 Mark Straker 2,400 222.96 01 August 2013 31 July 2016 £7,200 £3.00 £480 C74 ACCOMMODATION 8,000 743.21 £32,400 £2,630 Site area 0.559 Hectares (1.38 Acres). THORNLEY STATION INDUSTRIAL ESTATE | SHOTTON COLLIERY | DH6 2QA INTRODUCTION

PORTFOLIO SUMMARY LOCATION SOUTH HETTON Thornley Station Industrial Estate is located INDUSTRIAL ESTATE in Shotton Colliery close to Shotton Colliery UNITS 3 & 4, KILBURN Industrial Estate and is 3.2 km (2 miles) west of DRIVE the A19 and less than 2.4 km (1.5 miles) from North West and South West Industrial Estates HORDEN SEAVIEW Peterlee. Durham is 12.8 km (8 miles) to the WORKSHOPS west, Sunderland 19.2 km (12 miles) to the PHOENIX WORKSHOPS north and Middlesbrough 24 km (15 miles) to the south. SHOTTON COLLIERY INDUSTRIAL ESTATE

The estate is located off Salter’s Lane one THORNLEY STATION of the main roads running through Shotton INDUSTRIAL ESTATE Colliery. The wider Thornley Station Industrial Estate comprises a mix of similar industrial WHEATLEY HILL accommodation and a large Forticrete masonry INDUSTRIAL ESTATE manufacturing facility. WINGATE GRANGE INDUSTRIAL ESTATE DESCRIPTION MORE INFO Thornley Station Industrial Estate comprises 8 units in a single parade. The units comprise part brickwork and part profile clad elevations with profile clad roofs incorporating roof lighting. Each unit has a roller shutter door and separate pedestrian access.

Externally the units have a shared yard area ACCOMMODATION which is secured with palisade fencing. Site area 1.442 Hectares TENURE (3.56 Acres). Freehold. Unit Tenant Sq ft Sq m Lease Start Lease Exp Rent Rent psf Maintenance Rent Comments EPC 1 Stephen Paul Harriman 800 74.32 10 February 2014 09 February 2017 £3,600 £4.50 £400 MAINTENANCE RENT 2 Mrs Kate Elizabeth Doyle 800 74.32 01 August 2014 31 January 2015 £2,000 £2.50 £0

Maintenance rent £1,760 pa 3 Road Runners (N.E.) Ltd 800 74.32 01 October 2012 30 September 2015 £3,600 £4.50 £360 Estate running costs inc management £3,300 pa 4 Briggs Equipment Uk Ltd 800 74.32 01 February 2012 31 January 2015 £3,800 £4.75 £200 fee 5 to 8 Stan Hetherington Ltd 3,200 297.28 01 January 2012 31 December 2014 £10,400 £3.25 £800 Surplus (Deficit) (£1,540 pa) 6,400 594.56 £23,400 £1,760 WHEATLEY HILL INDUSTRIAL ESTATE | WHEATLEY HILL | DH6 3QZ INTRODUCTION

PORTFOLIO SUMMARY LOCATION SOUTH HETTON Wheatley Hill Industrial Estate is located on INDUSTRIAL ESTATE Front Street, Wheatley Hill 4 km (2.5 miles) west UNITS 3 & 4, KILBURN of the A19. Durham is 11.2 km (7 miles) to the DRIVE west, Sunderland 21.6 km (13.5 miles) north east and Middlesbrough 28.8 km (18 miles) HORDEN SEAVIEW south. WORKSHOPS PHOENIX WORKSHOPS The estate has extensive frontage onto Wheatley Hill Front Street which provides a mix SHOTTON COLLIERY INDUSTRIAL ESTATE

DESCRIPTION THORNLEY STATION INDUSTRIAL ESTATE Wheatley Hill Industrial Estate comprises 9 units arranged in four detached terraces. The units WHEATLEY HILL comprise brick built elevations with feature INDUSTRIAL ESTATE sloping profile clad roofs. Each unit has a roller WINGATE GRANGE shutter door and separate pedestrian access. INDUSTRIAL ESTATE

Externally the units have a blocked paved yard MORE INFO area with dedicated parking and loading areas.

TENURE Unit Tenant Sq ft Sq m Lease Start Lease Exp Rent Rent psf Maintenance Rent Comments EPC Freehold. 1 Christian Bradshaw 1,050 97.55 01 November 2014 31 October 2017 £4,200 £4.00 £515 E 111 Mr Stephen Gibbins Break 01 Jul 2015 & 01 MAINTENANCE RENT 2 1,050 97.55 01 July 2014 30 June 2017 £4,200 £4.00 £515 Jul 2016 E123 3 Cindy Appleby 525 48.77 12 April 2013 11 April 2016 £2,750 £5.24 £200 Break 12 Apr 2015 C 61 Maintenance rent £2,641 pa 4 John Young 1,050 97.55 01 December 2011 30 November 2014 £4,200 £4.00 £263 Break any time with 3 E108 Estate running costs inc management £4,175 pa month notice fee 5 Vacant 1,050 97.55 £0 D94 Surplus (Deficit) (£1,534 pa) 6 Vacant 1,050 97.55 £0 E102 Fitted 4 U Property Services 8 Ltd 1,050 97.55 17 September 2014 16 September 2017 £3,600 £3.43 £515 ACCOMMODATION 9 Jennifer Helen Turnball 1,050 97.55 06 March 2014 05 March 2017 £3,900 £3.72 £370 Break 06 Sep 2015 C 52 Site area 0.251 Hectares (0.62 Acres) giving a Mr Kenneth Johnson Break any time with 3 10 1,050 97.55 01 February 2013 31 January 2016 £3,600 £3.43 £263 month notice E126 site cover of 36%. 8,925 829.17 £26,450 £2,641 UNIT 1 A&B & 1-9 | WINGATE GRANGE INDUSTRIAL ESTATE | WINGATE | TS28 5AH INTRODUCTION

PORTFOLIO SUMMARY LOCATION SOUTH HETTON Wingate Grange Industrial Estate is located INDUSTRIAL ESTATE 2.4 km (1.5 miles) west of the A19. Durham UNITS 3 & 4, KILBURN is 15.2 km (9.5 miles) to the north west, DRIVE Sunderland 22.4 km (14 miles) north east and Middlesbrough 24 km (15 miles) south. HORDEN SEAVIEW WORKSHOPS

The estate forms part of the wider Wingate PHOENIX WORKSHOPS Grange Industrial Estate with major occupiers SHOTTON COLLIERY INDUSTRIAL ESTATE DESCRIPTION THORNLEY STATION Wingate Grange Industrial Estate comprises 11 INDUSTRIAL ESTATE units arranged in four detached terraces. All are of similar construction and comprise part WHEATLEY HILL INDUSTRIAL ESTATE brickwork and part profile clad elevations with profile clad roofs incorporating roof lighting. WINGATE GRANGE Each unit has a roller shutter door and separate INDUSTRIAL ESTATE pedestrian access. MORE INFO Externally each unit has a yard and car parking area.

TENURE Unit Tenant Sq ft Sq m Lease Start Lease Exp Rent Rent psf Maintenance Rent Comments EPC Freehold. 1A Daniel Anderson 2,500 232.25 01 February 2014 31 January 2017 £7,000 £2.80 £625 Break 31 Jan 2016 E109 1B The GTR Shop Ltd 2,500 232.25 01 March 2011 28 February 2014 £7,000 £2.80 £550 Holding Over E123 MAINTENANCE RENT 1 Shane Corey Lawson 800 74.32 01 September 2014 31 August 2017 £3,200 £4.00 £300 E120

Maintenance rent £3,125 pa 2 Vacant 800 74.32 £0 E103 Estate running costs inc management £6,200 pa 3 Michaela Teirnan 800 74.32 16 April 2012 15 April 2015 £3,000 £3.75 £300 E104 fee 4 & 5 Newton Metal Recyling Ltd 1,600 01 August 2012 31 July 2015 £6,000 £3.75 £560 F129 Surplus (Deficit) (£3,075 pa) NE3D Ltd Break any time with 6 800 74.32 01 April 2013 31 March 2016 £3,000 £3.75 £240 6 month notice E113 7 Vacant 800 74.32 £0 F 135 ACCOMMODATION 8 Vacant 800 74.32 £0 E118 Site area 1.111 Hectares (2.75 Acres). 9 Lloyd Leslie Million 2,850 264.77 01 May 2012 30 April 2015 £7,412 £2.60 £550 D91 14,250 1,175.19 £36,612 £3,125 MULTI-LET INDUSTRIAL PORTFOLIO | 8 MULTI-LET INDUSTRIAL ESTATES LOCATED IN COUNTY DURHAM INTRODUCTION

PORTFOLIO SUMMARY

CONTACT SOUTH HETTON PORTFOLIO HIGHLIGHTS PROPOSAL INDUSTRIAL ESTATE

We are instructed to seek offers of £2,700,000 (Two UNITS 3 & 4, KILBURN Simon Harland e: [email protected] 8 Multi-let industrial estates located DRIVE Million Seven Hundred Thousand Pounds), which in County Durham James Metcalf e: [email protected] reflects an initial yield of 10.15% and a net initial yield of HORDEN SEAVIEW WORKSHOPS t: 0191 255 7770 62 units totalling 107,725 sq ft 9.38% after deduction of service charge and empty rates shortfall and purchaser’s costs at 5.80%. This provides an PHOENIX WORKSHOPS estimated reversionary yield of 11.14% once fully let MHPI Limited | 1st Floor West Wing | City Range of units sizes from 525 sq ft to SHOTTON COLLIERY with no maintenance rent or empty rates shortfall. The Quadrant | Waterloo Square | Newcastle 15,000 sq ft INDUSTRIAL ESTATE upon Tyne | NE1 4DP price reflects just £26.06 per sq ft capital value. THORNLEY STATION Net rent after deduction of non- INDUSTRIAL ESTATE Misrepresentation Act: These particulars shall not VAT form part of any offer or contract and no guarantee recoverable expenditure £268,000pa WHEATLEY HILL is given as to the condition of the property or the INDUSTRIAL ESTATE We understand the property is elected for VAT purposes. accuracy of its description. An intending purchaser Potential net reversionary rent of or tenant is not to rely on any representation made in It is anticipated that the sale will be treated as the Transfer WINGATE GRANGE these particulars and must satisfy himself as to their £318,211pa of a Going Concern (TOGC). INDUSTRIAL ESTATE accuracy by his own investigation before entering MORE INFO into any contract. October 2014.

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