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D3 Bergen Close, Tyne Tunnel Trading Estate, North Shields, NE29 7TA

£395,000

£68.02 per sq ft

Business rates & charges may apply

Naylors, Newcastle Upon Tyne
SIZE AVAILABLE

5,807 sq ft

539 sq m

SECTOR

Light industrial facility for sale

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

Location

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.  

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.  

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.

Brochures

D3 Bergen Close, Tyne Tunnel Trading Estate, North Shields, NE29 7TA

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Percy Main Metro Station0.5 miles
  • Howdon Metro Station0.6 miles
  • Meadow Well Metro Station0.8 miles

About Naylors, Newcastle Upon Tyne

One Strawberry Lane Newcastle Upon Tyne NE1 4BX

As commercial property specialists for the North East, Naylors have their head office in the heart of Newcastle. The firm was founded twenty years ago by Bill Naylor, managing director, and has retained its independence, growing to become one of the most respected practices in the area.

This is reflected in Naylors being invited to represent the North East through membership of PAI, a prestigious organisation of like-minded professionals covering most of the Uk.

Today, Naylors handle a wide range of commercial and industrial properties in an area that stretches from Yorkshire to Northumberland and beyond. Our client list includes every kind of organisation from public bodies and national chains to local SME companies.

It is the quality of our people that makes the difference. Fully qualified professionals with a commitment to their clients’ interest and the in-depth knowledge to provide a tailor-made service.

Notes

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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, 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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