Investment for sale

Key features

• Prominent trade investment extending to 35,552 sq ft providing 17 units between 2,087 sq ft and 4,174 sq ft
• Excellent location off Scotswood Road 1 mile west from Newcastle city centre and 2.5 miles west from the A1(M)
• Secure tenant line up with tenants including Vodafone, UK Electric Limited & Lloyd Worrall
• Total income of ｣299,339 per annum
• WAULT to expiry of 5.00 years & 2.53 years to break
• Reserved ERV of ｣337,744 per annum
• 86% of the income is to tenants with a CreditSafe Rating of A / B ('Very Low Risk' / 'Low Risk')
• 43% of the income has a rent review mechanism to the greater of OMRV or RPI (2% - 4% collar and cap respectively)
• Offers in excess of ｣4,000,000 (Four Million Pounds), reflecting a NIY of 7.02% and a reversionary yield of 7.93%.