Newcastle Upon Tyne, NE15
- SIZE AVAILABLE
20,510 sq ft
1,905 sq m
- SECTOR
Industrial park for sale
- USE CLASSUse class orders: B1 Business, B2 General Industrial, B8 Storage and Distribution and D1 Non-Residential Institutions
B1, B2, B8, D1
Key features
- Great Investment with a great Yield ask for details
- 8 Industrial Units sold Freehold
- Great Location just to the West Of Newcastle City Centre
- Annual Rent £204,800.00 with rpi reviews
- All fitted out to a very high standard
Description
WELCOME TO AN EXCEPTIONAL INVESTMENT OPPORTUNITY
We are delighted to present a unique opportunity to acquire 8no
fully-let industrial units in Newcastle upon Tyne, UK.Strategically positioned in Lemington, just 6.5 miles from Gateshead, the site offers excellent connectivity via the A6085 and A1, ensuring
ease of access for businesses, clients, and employees alike. A Secure and High-Yielding Investment
The units generate a strong annual rental income of £204,800.00, with forecasted uplifts over the next five years. This means rental income is expected to rise to approximately £237,414.00, all without renegotiating existing tenant agreements. RPI-controlled adjustments ensure stable and predictable growth. The site's professional external management provides a hassle-free investment experience, offering both stability and long-term profitability. A Diverse and Fully-Let Parade of Units
This thriving development comprises 8 high-quality units with a collective size area of 20,510 sq. ft and home to a multitude of industries including printing, air conditioning and laundry companies.
Now fully let, the demand here has been so good that we have had to create a waiting list for future tenants.
Brochures
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
Notes
Disclaimer - Property reference Lemington1-8. 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.
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