Industrial Investment For Sale in Team Valley, 353B Dukesway Court, Team Valley Trading Estate, Gateshead, NE11 0BH
£74.34 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
7,062 sq ft
656 sq m
- SECTOR
Industrial development for sale
Key features
- Industrial Investment
- Prime Location
- Let to PPG Architectural Coatings Limited (T/A Johnstone’s Decorating Centre)
- Current Passing Rent: £40,650 per annum
- Offers in the region of £525,000
- GIA: 7,062 sq ft (656.04 sq m)
Description
Internally the property provides warehouse accommodation with amenity space comprising of offices, staff room, mezzanine storage, kitchen and WC facilities. The warehouse accommodation is accessed via a sectional ‘up & over’ door access to a height of 4.64m, has solid concrete flooring, lighting provided by fluorescent strips and a Thermatic Air Blower heater. The minimum eaves are 5.5m. The office accommodation is heated by way of wall mounted radiators served by a gas combi boiler and there is mezzanine storage space located above the offices. In addition, there is car parking to the front of the unit.
The subject property is located within the town of Gateshead, on the Team Valley Trading Estate, forming part of Tyne & Wear, which has a resident population of 115,300 (Source: 2021 Census). The town is predominately accessed via the A184, which in turn connects with the A1(M) Western Bypass to the west and the A19 to the east, providing access to both national and regional road networks.
353B Dukesway Court is situated upon the Team Valley Trading Estate, which is widely regarded and recognised as the North East’s premier industrial location. The estate provides a mixture of industrial and office accommodation, with a retail park also adjacent. The property is situated on western side of Dukesway, a key arterial route through the estate providing direct access to Team Valley Retail Park. Notable occupiers in the immediate vicinity include Rubix, NHS Ambulance Service, Yodel and Toolbank.
We are instructed to seek offers in the region of £525,000. A purchase at this level will reflect a Net Initial Yield of 7.39% after allowance of purchaser’s costs of 4.80%.
The accommodation comprises the following areas:
Brochures
Industrial Investment For Sale in Team Valley, 353B Dukesway Court, Team Valley Trading Estate, Gateshead, NE11 0BH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Dunston Station1.6 miles
- Gateshead Stadium Tram Stop2.5 miles
- MetroCentre Station2.6 miles
About Sanderson Weatherall, Newcastle
Central Square South, Orchard Street, Newcastle upon Tyne
Notes
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