Verified listing
Long Income Distribution Warehouse
Long Income Distribution Warehouse
Long Income Distribution Warehouse
Long Income Distribution Warehouse
Long Income Distribution Warehouse
Long Income Distribution Warehouse
Long Income Distribution Warehouse
Long Income Distribution Warehouse

Long Income Distribution Warehouse

Newcastle-under-Lyme, United Kingdom

74%

£54.850.000

Industrial

Core

7 Sep 2022

#12898

Property Details

414,876 sq.ft.

38,543 m²

Leasable area

132 £/sq.ft.

1,423 £/m²

4.25 %

Freehold

1

For sale

Broker

X

Fees

0.00 %

0.30 %

0.00 %

0.30 %

Investment Overview

Developed in 2007, the property comprises a high specification distribution warehouse totalling 414,876 sq. ft. (38,542.07 sq. m.) on a site extending to 20.5 acres, providing a site density of 45%. Currently in use as archiving and ancillary storage.Let on a new term of 15 years from completion of contracts. Passing rent will be £2,489,256 per annum, which equates to £6.00 per sq. ft. The rent is subject to 5 yearly reviews and shall be on the basis of either open market or CPI capped at 3% and collared at 1% compounded annually.