Mandale Park Newcastle Upon Tyne, NE15
£352.50 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
10,000-25,000 sq ft
929-2,323 sq m
- SECTOR
Business park for sale
- USE CLASSUse class orders: B1 Business, B2 General Industrial, B8 Storage and Distribution, D1 Non-Residential Institutions and Class E
B1, B2, B8, D1, E
Key features
- Modern Multi Let Industrial Estate comprising of 9 Industrial units
- Offers Around £3,525,000.00
- An annual rent of £244,800.00
- Freehold
- Fully managed estate through a service charge
Description
*
A rare opportunity to acquire a multi-let industrial estate and the landmark Cone located in Lemington, Newcastle upon Tyne. NE15 8SX.
*
The property comprises a refurbished multi-let industrial estate spanning eight units totalling 20,510 sq ft, alongside the historic cone; a feature of the site's former use as a glassworks and one of only four remaining in the UK.
*
The iconic cone has been fitted out to provide 3,340 sq ft of modern workspace, while acting as a way marker for customers.
*
The tenant mix is varied and focussed on clean, trade-orientated use. The salient rental tone of £10-12 per sq ft is well-established and all leases benefit from rent reviews to the higher of OMR or uncapped RPI.
*
Direct access to the A6085, which links in turn the A1(M), A69 and Newcastle city centre.
*
Freehold
*
Offers sought in the region of £3,525,000 million (Three Million, Five Hundred and Twenty Five Thousand pounds) which reflects a net yield of 6.52% after purchaser's costs of 6.50%.
Brochures
Mandale Park Newcastle Upon Tyne, NE15
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Blaydon Station0.7 miles
- MetroCentre Station2.3 miles
- Bank Foot Metro Station3.0 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
Disclaimer - Property reference Lemingtoninvestment1tocone. 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 Mandale Group, Stockton On Tees. 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.
Map data ©OpenStreetMap contributors.