D3 Bergen Close, Tyne Tunnel Trading Estate, North Shields, NE29 7TA
Size
5,807
Tenure
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EPC
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Parking
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- Primary use
- Light industrial
- Other use(s)
- Land
No floor / site plan
Key features
- Located on the established Tyne Tunnel Trading Estate, close to the A19 and Tyne Tunnel
- The unit extends to 5,807 sqft (593.48 sqm)
- Occupied by Coolcheck Refrigeration Limited (Company No. 01949150)
- Tenant has a very low risk rating with a Delphi score of 96
- The tenant has been in occupation for 12 years
- Low passing rent of £35,000 pa (£6psf)
- 3.1 years to expiry
- Held long leasehold expiring on 2143 (117 years remaining)
- Seeking offers over £395,000, which shows a net initial yield of 8.51% after standard purchaser costs
Description
The property is located and on the established Tyne Tunnel Trading Estate which is located in North Shields. The estate has excellent road links being located adjacent to the A19 Tyne Tunnel and the A1058 Coast Road. Â
The estate consists of a mix of logistics, warehouse and trade counter users. Silverlink Retail Park is within a 3-minute drive time, with major occupiers including, McDonalds, Boots and M&S.
Description
The property consists of a semi-detached industrial unit of steel framed construction under a pitched roof. The elevations are a made of rendered brickwork with cladding above. The roof has insulated corrugated asbestos cement decking over internal insulated panels. Â
The property has a single dock level loading door to the rear and an office entrance to the front. The unit is currently used for storage with a small office and mezzanine. The tenant currently occupies the next-door unit from which they have knocked a doorway through for access between the units. The property also benefits from external parking and loading area.
Tenure Comments
The property is held by way of long leasehold for a term expiring 2143 (117 years unexpired). There is a ground rent of £1,000 per annum which is paid by the tenant. This covers the estate charge and insurance.
- Clear height
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- Business rates
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- Use class
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- Listed building
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- BREEAM rating
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- Environmental description
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Brochure
D3 Bergen Close, Tyne Tunnel Trading Estate, North Shields, NE29 7TA
About Naylors Gavin Black LLP, Newcastle Upon Tyne
We are Naylors - we bring Real Estate, Real Value - to the North East. We are the North East's largest independent commercial property consultancy based in Newcastle upon Tyne. We bring a fresh, dynamic approach to the property market striving to offer the best possible results for our clients.
With decades of market experience on our side, our advice is underpinned with a thorough understanding of the commercial property market from the inside out. Clients come to us for our knowledge and intuitive understanding of the region’s property sector, and we always deliver. Our solid reputation is built on the recommendation of happy clients.
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Disclaimer - Property reference 3369FH. 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 Naylors Gavin Black LLP, 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.