FPE Seals – Darlington

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33 Old Fort Road, Hoy Park, Durban
20/11/2015
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FPE Seals - Darlington


This property forms part of the Yarm Road Interchange, a new high quality mixed use development, located two miles east of the Darlington town centre and adjacent Darlington Retail Park. It comprises a brand new single storey warehouse with two floors of offices and is leased to FPE Seals Limited, a subsidiary of LSE listed Diploma Group. FPE is a leading supplier of hydraulic and pneumatic seals for heavy mobile machinery and industrial equipment.

Location Darlington
Use Single storey modern warehouse, two floors of ancillary offices
Size 34 002 sq ft (3 162 m2)
Site area 2 acres (0.81 hectares)
Tenant FPE Seals Limited
Tenant rating 5A1 - Dun and Bradstreet
Lease expiry 21 August 2030
Acquisition yield 5.7%
Type of lease Fully repairing and insuring, upwards only rent reviews