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Office for sale

Albion Way, Blyth, Northumberland, NE24

Guide Price
£450,000

£119.59 per sq ft

Business rates & charges may apply

Bradley Hall, Newcastle Upon Tyne
SIZE AVAILABLE

3,763 sq ft

350 sq m

SECTOR

Office for sale

Key features

  • Investment for sale
  • Net Initial Yield of 8.58%
  • Hybrid unit office and light industrial
  • Car park with EV charging points c20 bays
  • Good transport links; close to A189 and A19

Description

The property comprises a two storey, detached hybrid unit, of masonry construction beneath a pitched tiled roof, providing a combination of office accommodation and light industrial space.

At ground floor, the unit includes a reception area, open plan office with cellular suites, kitchen, WC facilities, and a functional industrial garage suitable for vehicle repair or workshop use. The warehouse is served by an electric roller shutter loading door measuring approximately 3.0 m wide by 3.0 m high, providing efficient access for servicing, deliveries and trade operations. The industrial space benefits from an apex height of approximately 6.0 m and eaves height of approximately 3.12 m, offering strong clearance and operational flexibility.

The first floor offers additional office accommodation together with further storage space.

Externally, the site offers a mix of parking bays and electric vehicle charging points, with c20 spaces available.

Ground floor office 124.47 m² 1,340 ft²
Ground floor Industrial 181.47 m² 1,953 ft²
First floor 43.68 m² 470 ft²

Total 349.62 m² 3,763 ft²

EPC
B40

RATING ASSESSMENT
The rateable value of the premises as of the 1st April 2023 is £20,000 interested parties should confirm the current position with the Local Authority.

TERMS
The Freehold is available to purchase at £450,000 (Four Hundred and Fifty Thousand Pounds). A purchase at this level reflects a Net Initial Yield of 8.58% assuming Purchaser’s Costs of 6.03%.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. This property is not elected for VAT.

LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

VIEWINGS
For general enquiries and viewing arrangements please contact Bradley Hall.



Energy Performance Certificates

EPC Rating Graph

Brochures

Albion Way, Blyth, Northumberland, NE24

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newsham Station1.7 miles
  • Cramlington Station4.1 miles
  • Ashington Station4.3 miles

About Bradley Hall, Newcastle Upon Tyne

33-39 Grey Street, Newcastle Upon Tyne, NE1 6EE

Notes

These notes are private, only you can see them.

Disclaimer - Property reference CMR250211. 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 Bradley Hall, Newcastle Upon Tyne. 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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