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Newcastle Upon Tyne, NE15

Guide Price
£8,900,000

£178.00 per sq ft

Business rates & charges may apply

Mandale Group, Stockton On Tees
SIZE AVAILABLE

50,000-60,000 sq ft

4,645-5,574 sq m

SECTOR

Business park for sale

USE CLASSUse class orders: B1 Business, B2 General Industrial, B8 Storage and Distribution, Class F1 and Sui Generis

B1, B2, B8, F1, sui_generis_3

Floor/Site plan 1
1

Key features

  • 27 Fully Let Industrial estate comprising of 26 mixed Units . Yield 7%
  • The rental income is £627,300.00 raising annually with rpi
  • For Sale at £8,900,000.00 yielding at 7%
  • Freehold
  • Very Well Managed Through A Service Charge Management Company

Description

INVESTMENT SUMMARY

A rare opportunity to acquire a multi-let industrial estate located in Lemington, Newcastle upon Tyne.

The property comprises a refurbished multi-let industrial estate spanning 27 units totalling 57,861 sq. ft.

The tenant mix is varied and focussed on clean, trade-orientated uses. The average rental is £10 per sq ft 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

Annual rental income of £627,300.00

Offers sought in the region of £8,900,000.00 which equates to a yield of approximately 7%

Interested parties are asked to contact us.

Newcastle Upon Tyne, NE15

Approximate location
Open mapStreet View

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

These notes are private, only you can see them.

Disclaimer - Property reference MandaleParkLemington. 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.

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