**Standout Features:**
- Newly refurbished industrial unit with high-quality finishes
- Tenant: Pragmatic Semiconductor Limited, providing stable rental income of £603,000 per annum
- Long lease expiry on January 31, 2037, ensures long-term investment security
- Impressive ceiling heights ranging from 5.6m to 11.6m accommodate various industrial uses
- Extensive parking and loading facilities with 20 level access doors, including high-speed options
- Large site area of 15.8 acres, including an 11.6-acre yard suitable for HGV access and additional operations
- Energy-efficient building with an EPC rating of B
**Summary:**
This newly refurbished industrial unit located within the Meadowfield Industrial Estate is an exceptional investment opportunity boasting an annual rental income of £603,000. With a lease in place until January 2037 and a prime tenant, Pragmatic Semiconductor Limited, this property provides long-term financial security and high potential for growth.
The spacious 16,221 sq ft facility features high ceilings, ideal for a variety of industrial activities, and offers modern specifications such as an electrical capacity of 7 MVA, 15 roller shutter doors, and 5 high-speed doors. The expansive site, set on a 15.8-acre plot, allows for easy access and operation of HGVs, making it a practical choice for logistics and storage.
Situated just 2.5 miles from Durham city, with excellent transport links, this property resides in a secure and affluent area, ensuring low crime and access to amenities. Although broadband speeds are slow, the overall advantages of this robust industrial asset far outweigh potential downsides. Don't miss your chance to invest in this modern facility that stands ready to deliver solid returns and future flexibility for growth.
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