Marketed by
Naylors Gavin Black
Newcastle upon Tyne
Higham Pl, Newcastle upon Tyne NE1 8AF, UK
Under Offer
1 of 2
Guide Price
£395,000
D3 Bergen Close, Tyne Tunnel Trading Estate, North Shields, NE29 7TA
5807 sq. ft (539.49 m²)
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 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.
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.
Reference: 3369_sales
Download Sales Details
Marketed by
Naylors Gavin Black
Newcastle upon Tyne
Higham Pl, Newcastle upon Tyne NE1 8AF, UK
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