Mandale Park Wallsend Road, North Shields, Tyne & Wear, NE29
£177.17 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
30,000-40,000 sq ft
2,787-3,716 sq m
- SECTOR
Industrial park for sale
- USE CLASSUse class orders: A2 Financial and Professional Services, B1 Business, B2 General Industrial, B8 Storage and Distribution and D2 Assembly and Leisure
A2, B1, B2, B8, D2
Key features
- Brand New Multi Let Industrial Investment
- Combined Rent of £320,000.00 per annum
- Designed to a very high standard
- Excellant line up of tenants
- Guaranteed rip rent reviews
Description
* We are looking for offers in the region of £5,315,000.00 which reflects a gross yield of 6%
* A rare opportunity to acquire a newly-constructed multi-let industrial estate located between two key infrastructure links; the Tyne Tunnel and Silverlink Interchange.
* Mandale Park NE29 sits at the heart of the North East region's trade and industrial market.
* 15 units let to a large variety of companies including the food, fitness, engineering and travel industries.
* Undoubted occupier market strength; all units were pre-let prior to practical completion and the vendor was able to increase asking rents during let-up, reflecting demand. Demand continues to soar as we have started to gather a waiting list from increasing interest.
* This phase comprises 15 industrial units with a net lettable floor area of 34,050.00 sq. ft.. The units have been completed to a very high standard providing and adaptable to any industry.
* The review patterns in each lease benefit from from uncapped RPI-linked rent reviews.
* Freehold
Brochures
Mandale Park Wallsend Road, North Shields, Tyne & Wear, NE29
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Percy Main Metro Station0.2 miles
- Howdon Metro Station0.5 miles
- Meadow Well Metro Station0.7 miles
About Mandale Group, Stockton On Tees
MANDALE HOUSE 5 Neville Road, North Tees Industrial Estate, TS18 2RD
For over 35 years, Mandale Group have been providing businesses with much needed, high quality commercial space.
Being the developer as well as the landlord gives us an advantage; increased responsiveness to the markets evolving needs.
When you contact Mandale Group you will be dealing direct with the landlord providing you with the benefit of our no-nonsense, easy approach to business space lettings.
Notes
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