Mandale Park NE29 North Shields, Tyne & Wear, NE29

The estate provides 71,250 sq ft (6,619.13 sq m) of high quality trade accommodation split into two distinct unit types: Traditional MLI with secure yardage and 6.5m clear eaves height, and hybrid
starter units, providing loading / manufacturing space to the ground floor with multi-purpose
administration space above * 100% of the income benefits from uncapped RPI-linked rent reviews

* Freehold

Offers sought in excess of £12,000,000 (Twelve Million pounds), which reflects a net initial yield of 5.61% after purchaser's costs of 6.71%.

Mandale Park NE29 is located to the immediate east of the A19; the primary north/south trunk route to the east of Newcastle Upon Tyne, which connects North Tyneside to Yorkshire, Teesside and the national motorway network. The local area, centred around the axis of the A19 and A1058 Coast Road, comprises the focal point for industrial uses in North Tyneside, alongside a concentration of leisure, retail and offices uses. The property sits equidistant from the Tyne Tunnel and the Silverlink Interchange.

The Tyne Tunnel is the only river crossing to the East of Newcastle Upon Tyne, facilitating over 17 million journeys per year and connecting North Tyneside to the national road network alongside key logistics infrastructure at the Port of Tyne. The Tyne Tunnel was dualled in 2012 to accommodate increasing volume and futureproof this critical