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Unit 3 Jubilee Ind Est, Ashington, Northumberland, NE63

£200,000

£101.42 per sq. ft.

Business rates & charges may apply

Trans-Britannia Properties Limited, Rugby
SIZE AVAILABLE
1,972 sq. ft.
(183 sq. m.)
SECTOR
Light industrial facility for sale
USE CLASS
Use class orders: B1 Business, B2 General Industrial and B8 Storage and Distribution
B1, B2, B8

Key features

  • PRICE - £200,000
  • INCOME - £17,160
  • YIELD - 8.5%
  • Freehold
  • Ideal SIPP/SASS purchase

Property description

Tenure: Freehold

Jubilee Industrial Estate lies in a strategic position only 15 miles from Newcastle upon
Tyne on the A196, within a few minutes-drive of the A 189 which is a direct link to the A1M and the national road network. It is located 5 miles from Morpeth and 10 miles from the Port of Blyth.
Other north east centres within a convenient distance include Sunderland (26 miles),
Durham (36 miles) and Middlesbrough (54 miles). The estate is very popular and has a range of occupiers and uses.

A comprehensive improvement programme has been completed at Jubilee Industrial Estate, to provide a range of units with ample car parking. It reflects the general market in the North East where there is a recognised shortage of secondary accommodation throughout the size
ranges. Tenant demand has remained consistently strong putting continued upward pressure on rents and lowering of tenant incentives. A full estate management scheme is in place and the cost is recovered from the tenants by way of a modest service charge. The units are built of traditional design and materials with cladded walls and roof and provide approximately 1,972 sq ft (183.1 sq m) of light industrial accommodation.

Importantly, UK battery tech investor Britishvolt has unveiled plans to build what is claimed to be Britain's first gigaplant at the former coal-fired power station in Blyth in Northumberland, a 15 minute drive away from the subject property.The £2.6 billion project at the 95-hectare Blyth Power Station site will use renewable energy from the UK and possibly hydro-electric power
generated in Norway and transmitted 447 miles under the North Sea through the 'world's longest inter-connector' from the North Sea Link project. By 2027, the firm estimates the gigaplant will be producing around 300,000 lithium-ion batteries a year. The project is predicted to create 8,000 new jobs in the local area.

Brochures

Unit 3 Jubilee Ind Est, Ashington, Northumberland, NE63

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Pegswood Station3.0 miles
  • Morpeth Station4.5 miles
  • Widdrington Station5.2 miles

Notes

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Disclaimer - Property reference JMDJubilee1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Trans-Britannia Properties Limited, Rugby. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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