For Sale Freehold Investment - 120, Lobley Hill Road, Gateshead, Tyne And Wear, NE8
£77.59 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
22,555 sq ft
2,095 sq m
- SECTOR
Commercial property for sale
Key features
- A rare opportunity to acquire a secure, single let industrial / distribution investment.
- Prominently situated with main road frontage onto Lobley Hill Road, within 0.5 miles of Team Valley, the region's premier industrial location.
- Strategically located distribution investment with excellent road communications with the A1 within 0.75 miles.
- Building extends to 22,555 sq ft on a large 1.92 acre site.
- Freehold.
- To be let on a 15 year term with no breaks at a rent of £135,000 per annum.
- Secure covenant of AAH Pharmaceuticals with a Creditsafe rating of 97/100 ('very low risk') with turnover for year end March 2023 of £3.3b.
- Low site cover of 30%.
Description
The property, on completion of the sale, will be let to AAH Pharmaceuticals Ltd on a 15 year lease at a rent of £135,000 per annum, with 5 yearly, upward only rent reviews.
The property will be let on full repairing and insuring terms subject to a schedule of condition.
Brochures
For Sale Freehold Investment - 120, Lobley Hill Road, Gateshead, Tyne And Wear, NE8
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Dunston Station0.7 miles
- Newcastle Central Station1.5 miles
- Gateshead Stadium Tram Stop1.6 miles
About HTA REAL ESTATE LIMITED, Newcastle
Suite A11 Dean Street Newcastle Upon Tyne NE1 1LE
HTA Real Estate are commercial property consultants based in the North East of England, specialising in industrial and logistics warehousing and land for sale or to let. From our base in Newcastle upon Tyne we cover Northumberland, Durham, Teesside and Tyne & Wear, including North Tyneside, Newcastle, Gateshead, Team Valley Trading Estate, South Tyneside, Washington and Sunderland.
We also provide investment and development advice along with assisting occupiers to acquire industrial and
Notes
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