Stephenson Court, Barrington Industrial Estate, Bedlington, NE22 7DQ
Size
34,829
Tenure
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EPC
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Parking
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- Primary use
- Industrial park
- Other use(s)
- Light industrial
No floor / site plan
Key features
- Modern multi-let industrial estate, comprising 19 units
- Located on the well-established, Barrington Industrial Estate in Bedlington
- Freehold
- Total passing rent of £179,566 per annum exclusive
- Total GIA of 3,236 sq. m (34,829 sq. ft)
- Low average rent of £5.50 psf
- Seeking offers in excess of £2,300,000 exclusive of VAT showing a net initial yield of 7.34% after standard purchaser costs
- Potential reversion to over 10.75%
- This shows a low capital value of £66.08 psf
Description
Stephenson Court is located within the well-established Barrington Industrial Estate in Bedlington, one of Northumberland's principal industrial locations. The estate is home to a diverse range of occupiers, including manufacturing, engineering, warehousing, trade counter and storage businesses.Â
Barrington Industrial Estate lies immediately to the north of Bedlington town centre, a traditional Northumberland market town providing a wide range of amenities and services. The estate benefits from excellent connectivity to the region's strategic road network, with the A189 Spine Road and the A1(M) both within easy reach. These routes provide direct access to Newcastle upon Tyne, the wider Tyne and Wear areas, and to the South of England, while also offering convenient links north towards Scotland.Â
The surrounding area has a strong manufacturing and logistics presence, with nearby commercial locations including Cramlington, Blyth, Ashington and Morpeth, all of which support a broad occupational market.
Stephenson Court is accessed off Stephenson Way within the wider Barrington Industrial Estate.
Description
The property comprises two traditional industrial terraces together with a detached industrial unit. In total, there are 19 units ranging in size from approximately 1,200 sq. ft to 6,000 sq. ft .Â
The terraced units are of steel portal frame construction with brick/blockwork elevations to approximately 2 metres, under a profiled insulated metal clad roof. Specification includes a mix of LED and fluorescent strip lighting, and electric or manual roller shutter doors. Eaves heights range from approximately 3.6 metres to 5.75 metres at the apex, while all roller shutter doors measure approximately 3.0 metres wide by 3.0 metres high.Â
The detached industrial unit is of steel frame construction with brick/blockwork elevations beneath a pitched profiled metal roof. The unit benefits from a manual roller shutter door opening onto a loading/parking area and is fitted with fluorescent lighting throughout. Internally, it also incorporates two small office areas and is currently occupied as a metalworking facility.
Tenure Comments
Freehold
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- Yard depth
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- Business rates
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- Use class
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- Listed building
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Brochure
Stephenson Court, Barrington Industrial Estate, Bedlington, NE22 7DQ
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 3433FH. 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.