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Unit 1 Hunter Road North West Industrial Estate Peterlee, Co

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Unit 1 Hunter Road North West Industrial Estate Peterlee, Co FOR SALE SINGLE-LET INDUSTRIAL INVESTMENT Unit 1 Hunter Road North West Industrial Estate Peterlee, Co. Durham SR8 2LX MECAPLAST/NOVARES BRISTOL LABORATORIES JANUS EDEN FARM CATERPILLAR ICARUS BARCLAYS BERGER CLOSURES NSK MOTION NSK MOTION CONDER PRODUCTS & CONTROL & CONTROL BISHOPS BEDS ALDONA SEALS CCS KNAUF Unit 1 Hunter Road SPEEDY TONKS 2000 Investment Summary • Freehold manufacturing/warehouse facility extending to • Low passing rent of £113,500 per annum (£2.45 per sq. ft.) 4,298 sq. m (46,263 sq. ft.) • Offers in excess of £1.16 million reflecting a net initial yield of • Located on one of the North East’s major industrial parks 9.24% after deducting purchaser’s costs • Let to Design and Security Services Ltd, with lease expiry on • A purchase at this level reflects a low capital value of only 4th May 2024 £25 per sq. ft. Location Peterlee is located in County Durham, approximately 23 miles south east of Newcastle, 20 miles north of Teesside and 11 miles east of North East Industrial Durham. Estate The South West Industrial Estate has excellent road communications being situated adjacent to the A19 trunk road one of the main North A19 Horden South routes through the region. North West Welfare Industrial Park Peterlee itself has frequent bus services to the major towns and cities Estate throughout the region. Connection to the East Coast Mainline is from Durham Station with London Kings Cross accessible within 2 hours PETERLEE 50 minutes. The region also benefits from two major airports being South West Newcastle International Airport and Durham Tees Valley Airport. Both Industrial Castle airports provide regular daily scheduled flights within the UK and Estate Dene further into Europe. UNIT 1 HUNTER ROAD Situation The property is located on the established South West Industrial Estate Castle Eden in Peterlee. Dene National Nature Reserve The South West Industrial Estate and adjacent North West Industrial Estates within Peterlee benefit from immediate access to the A19 trunk road. Peterlee as an industrial location is well established and A19 has major occupiers including Caterpillar UK who occupy numerous buildings for their sole worldwide manufacturing plant for articulated dump trucks. Other major occupiers include Mecaplast, BHK, GT Group, TRW A696 A19 Edinburgh A69 Automotives, N Power and NSK Bearings and Bristol Laboratories. Newcastle Glasgow Newcastle upon Tyne The property itself is located on Hunter Road, with access via Swan Peterlee A694 Road which in turn leads to Whitehouse Way which is the main Sunderland thoroughfare for the estate. Leeds Chester- le-Street A19 Liverpool A690 Manchester Durham Peterlee A68 A179 A1(M) Hartlepool London A689 Middlesbrough Description The property comprises a detached warehouse/production facility To the front of the property there is two storey offices and amenity with integral offices. The warehouse/production facility is split into space. two interlinked bays. The minimum eaves height is 4.6 metres rising Externally there is a private concrete yard in front of the two principal to 6.8 metres at the apex. The unit is of steel portal frame construction loading doors along the western elevation. To the front of the office with the elevations clad in insulated profile metal sheeting with the entrance there is car parking, with further parking as well as loading same to the roof. The warehouse/production space benefits from to the northern end of the property. A further loading door into the unit elevated gas fired Ray Vac heating, LED lighting and a high power leads from this area. supply. The main access is via two up and over sectional loading doors both measuring 4 metres wide by 4.5 metres high leading onto a concrete yard. Accommodation The property has the following gross internal areas: ACCOMMODATION SQ M SQ FT Warehouse/production 3,746 40,322 Ground floor office/amenities 276 2,971 First floor offices 276 2,970 Total 4,298 46,263 Total site area including landscaping is 1.05 hectares (2.60 acres). Tenure Freehold Tenancy The property is let to Design and Security Services Limited on a full D&S Services is a multi-disciplined services supplier to industry and repairing and insuring lease expiring on 4th May 2024 without rent review. are made up of the following divisions: D&S Express, D&S Material Handling, D&S Fabrications, D&S Agriculture and D&S Coatings. The current passing rent is £113,500 per annum reflecting a low £2.45 per square foot. EPC Covenant The property has a rating of C – 53. Design & Security Services Limited was formed in 2004, with the main business activities being the supply of specialist stillages predominantly for the automotive industry, structural and secondary steelwork and general fabrications in mild steel, aluminium and stainless steel. Proposal Seeking offers in excess of £1,160,000 subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 9.24% after purchaser’s costs of 5.9%. This represents a low capital value per sq ft. of £25.07. VAT The property has been elected for VAT and it is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC). Money Laundering In accordance with Anti-Money Laundering Regulations, identification of the purchaser as well as confirmation of the source of funding will be required from the successful purchaser. Further Information Chris Donabie MRICS D: 0191 211 1548 M: 07702 528879 [email protected] Fergus Laird BSc FRICS D: 0191 211 1561 M: 07768 063109 [email protected] Naylors and for the vendors or lessors of this property whose agents they are, give notice that: (i) The particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of,an offer or contract. (ii) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of Naylors has authority to make or give any representation or warranty whatever in relation to this property. (iv) All rentals and prices are quoted exclusive of VAT unless otherwise stated. November 2018. Design by www.thearkdesign.co.uk.
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