Summary - Skerne House, Belmont Industrial Estate, Durham, DH1 1TH DH1 1TH
1 bed 1 bath Commercial Property
High-spec freehold industrial investment on Belmont Estate with strong transport links and long-term yield potential..
- Freehold modern industrial units constructed in 2022
- EPC rating A and LED lighting throughout
- 6.5m internal eaves height; roller shutter loading
- 3-phase power, 24-hour CCTV and dedicated parking
- Large plot with secure rear yard and good estate access
- Multi-let exposure — tenant and lease profile risk
- Price guide £1,780,000 (exclusive of VAT); purchaser costs apply
- Estate has average crime; review estate-specific risk factors
A purpose-built multi-let industrial asset constructed in 2022 on Belmont Industrial Estate, offered freehold. The terrace of three steel portal frame units provides high-clearance warehouse space with a 6.5m internal eaves height, roller shutter loading, dedicated parking and a secure service yard. Specified features include LED lighting, 3-phase power, 24-hour CCTV and an EPC rating of A, making the units suitable for light industrial, distribution or manufacturing occupiers.
Located at Junction 62 of the A1(M) with easy links to Durham city centre, Sunderland and Newcastle, the estate benefits from established commercial neighbours and strong transport connections, including mainline rail at Durham. The site is presented as a large, regular plot with good circulation and two-storey office frontage providing ancillary amenity space and staff facilities.
The sale guide is offers in excess of £1,780,000 (exclusive of VAT) reflecting a stated Net Initial Yield of 6.29% on topped-up rent of £118,950 and an assumed reversionary position in 2027. Purchasers should allow for standard acquisition costs (pricing assumes purchaser costs of 6.19%) and note VAT is excluded from the asking price.
Considerations: the asset is multi-let, so occupational and market risk depends on individual tenant profiles and lease terms. The estate records average local crime and the wider area is classed as ageing suburban — asset management and lease roll/stability should be reviewed by buyers seeking longer-term income security.
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