Halfords Autocentres Limited, Unit 7, Cheltenham Road, Stockton-On-Tees TS18 2SP
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£600,000
Nov 2021
NorthCap has successfully sold this retail warehouse investment on behalf of HHR Investments.
The property comprises a detached industrial unit extending to 4,024 sq ft with associated parking, service yard and landscape.
The property is fully let to Halfords Autocentres Limited for a term of fifteen years from 19 April 2013 until 18 April 2028 at a rent passing of £38,000 per annum. The lease provides five yearly open market rent reviews.
The purchase price was £600,000 reflecting a net initial yield of 6.00%.
The purchaser was Greyhound Investments.
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