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Darlington, Durham, UK

FPE Seals

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Overview

The property is prominently located and forms part of the Yarm Road Interchange, a new high quality mixed use development. It is situated 2 miles east of the Darlington Town Centre and is adjacent to the Darlington Retail Park. It comprises a brand new, single storey modern warehouse with two floors of office accommodation. The property is leased to FPE Seals Limited, a subsidiary of the LSE listed and FTSE 250 member Diploma Group. FPE is a leading supplier of hydraulic and pneumatic seals for heavy mobile machinery and industrial equipment.

Location

Darlington, Durham, UK

Building use

A single storey, modern warehouse with two floors of office space.

Size of building

34 002 square foot (site cover of 34%)

Tenant

FPE Seals Limited

Lease expiry date

31 August 2030

Acquisition yield

5.7%

Type of lease

Fully repairing and insuring (i.e. tenant responsible for all operating costs). Subject to annual 2.5% fixed increases, compounded and effective 5 yearly

Location

Further holdings

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