Marketed by
Naylors Gavin Black
Newcastle upon Tyne
Higham Pl, Newcastle upon Tyne NE1 8AF, UK
Available
1 of 9
Guide Price
£2,300,000
Stephenson Court, Barrington Industrial Estate, Bedlington, NE22 7DQ
34829 sq. ft (3235.72 m²)
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
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 .
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.
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.
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.
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.
Reference: 3433_sales
Download Sales Details
Marketed by
Naylors Gavin Black
Newcastle upon Tyne
Higham Pl, Newcastle upon Tyne NE1 8AF, UK
Similar properties in the area
Available
- Photos available 8
- Brochure available
Guide Price
£475,000
Investment for sale
23, Station Road, Ashington, NE63 9UZ
1148 sq. ft (106.65 m²)
Ground floor lock up shop currently divided to provide treatment area, rear private cubicles and storage with four fully furnished self-contained flats to the first and second floors.
Marketed by
Naylors Gavin Black Newcastle upon Tyne
Available
- Photos available 3
- Brochure available
Guide Price
£230,000
Investment for sale
13/13A Kenton Lane, Newcastle Upon Tyne, Tyne And Wear, NE3 3BQ
467 sq. ft (43.39 m²)
Please contact us for full details.
Marketed by
Naylors Gavin Black Newcastle upon Tyne
Under Offer
- Photos available 2
- Brochure available
Guide Price
£395,000
Industrial for sale
D3 Bergen Close, Tyne Tunnel Trading Estate, North Shields, NE29 7TA
5807 sq. ft (539.49 m²)
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 ins...
Marketed by
Naylors Gavin Black Newcastle upon Tyne
Under Offer
- Photos available 3
- Brochure available
Guide Price
£375,000
Investment for sale
5 & 20 Penn Street, Newcastle Upon Tyne, North East, NE4 7BG
12310 sq. ft (1143.64 m²)
Two industrial/warehouse units of steel portal frame construction with brick and profile sheet clad roof. Minimum eaves height of 3.2m rising to 4.1m at the apex. Attached to unit 5 is a two storey office block under a flat roof. Externally unit 5 h...
Marketed by
Lambert Smith Hampton London (City)