Summary - Infinity 'Big Box' Portfolio, Durham, South Shields, and Seaham NE34 9PH
1 bed 1 bath Light Industrial
Three strategic industrial hubs with long-dated income and upside potential.
Combined GIA 338,477 sq ft across three Big Box industrial units
Long WAULT: 11.61 years to expiry, 9.03 years to break
Net initial yield 5.50% after purchaser’s costs of 6.77%
Reversionary yield 6.67% and low capital value c. £103.30/ft²
Modern, high-spec units with recent tenant capital expenditure
Excellent road and sea transport links; strategic logistics locations
Local area: very deprived neighbourhoods and high crime statistics
Operational drawback: VAT payable and very slow broadband speeds
This portfolio offers immediate scale: three modern ‘Big Box’ industrial units totalling 338,477 sq ft across strategic North East locations. The assets benefit from high-specification fit-outs, recent capital expenditure by occupiers and strong transport links by road and sea, making them suitable regional hubs for logistics, distribution and light industrial operators.
Income characteristics are investor-friendly: a combined net initial yield of 5.50% (after purchaser’s costs of 6.77%), a reversionary yield of 6.67% and a WAULT of 11.61 years to expiry (9.03 years to break). The portfolio is priced at £34,970,000 (exclusive of VAT) with a low capital value of c. £103.30/ft, offering scale at a market-competitive price. Assets can be acquired individually if preferred.
Buyers should note clear risks alongside the strengths. The figure quoted is exclusive of VAT and purchaser’s costs materially affect net returns. The locations sit within very deprived neighbourhoods with high local crime statistics and slow broadband provision; these socio-economic factors may influence occupational demand for certain occupiers and operational logistics for tech-driven users.
Overall, the portfolio suits investors seeking long-dated, income-producing industrial real estate exposure in a supply-constrained regional market. The combination of strong tenants, recent capex and limited new development pipeline supports rental growth prospects, while purchasers should budget for transaction VAT, costs and factor local area constraints into occupational and asset management plans.
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