Newcastle Upon Tyne, NE15
£169.33 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
15,000-20,000 sq ft
1,394-1,858 sq m
- SECTOR
Business park for sale
- USE CLASSUse class orders: A2 Financial and Professional Services, B1 Business and B8 Storage and Distribution
A2, B1, B8
Key features
- Industrial / Trade Investment For Sale
- 6 Modern Industrial Units various sizes with yards
- Great Location just to the West Of Newcastle City Centre
- Freehold
- Offers sought in the region of £2,540,000.00
Description
A rare opportunity to acquire a multi-let industrial estate located in Lemington, Newcastle upon Tyne.
The property comprises a refurbished multi-let industrial estate spanning six units totalling 16,971sq. ft. The tenant mix is varied and focussed on clean, trade-orientated use. The salient rental tone of £10 per sq ft is well-established and all leases benefit from rent reviews to the higher of OMR or uncapped RPI.
Direct access to the A6085, which links in turn the A1(M), A69 and Newcastle city centre.
Freehold
Offers sought in the region of £2,540,000 which equates to a net yield of 6.5%
Brochures
Newcastle Upon Tyne, NE15
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Blaydon Station0.7 miles
- MetroCentre Station2.3 miles
- Bank Foot Metro Station3.0 miles
About Mandale Group, Stockton On Tees
MANDALE HOUSE 5 Neville Road, North Tees Industrial Estate, TS18 2RD
For over 35 years, Mandale Group have been providing businesses with much needed, high quality commercial space.
Being the developer as well as the landlord gives us an advantage; increased responsiveness to the markets evolving needs.
When you contact Mandale Group you will be dealing direct with the landlord providing you with the benefit of our no-nonsense, easy approach to business space lettings.
Notes
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