Light industrial for sale in Jedburgh Court, Gateshead NE11

Location

The property is located on Jedburgh Court within Team Valley Trading Estate which is the premier mixed use business location in the region, totalling around 280 hectares (700 acres) and is home to a wide variety of businesses and surrounding occupiers include Sainsbury’s, Pooleys Puffers, Flow Subsea, Eureka Golf, Howdens and Magnet Kitchens.
The property is situated just 0.1 mile from Kingsway.
Road links to all parts of the region and beyond are excellent via the A184 and A1(M) which links to the A19 and A189. The estate is well served by regular bus services.

Description

The property comprises a terrace of three, light industrial units. They form part of a larger terrace which is under separate ownership. The units are of steel portal frame construction with part brick infill and profile steel cladding to the elevations and roof. Unit 383B and Unit 383J are single units, whereas Unit 383K/383L are two units which are interconnected.
Each unit benefits from roller shutter access and parking facilities.

Accommodation

We calculate the approximate gross internal floor areas to be as follows:

Unit Size M² Size Ft²
383B 71.49m² 769.6 ft²
383J 94.29m² 1,015 ft²
383K & 383L 142.97m² 1539 ft²
Total 308.75m² 3,324 ft²

Tenancy information

The units are fully let to multiple tenants as per the table below.

The total passing rent is £27,610.56 per annum.

Terms

The property is available by way of a leasehold interest and has a guide price of £370,000 (Three Hundred and Seventy Thousand Pounds). A sale at this price equates to a Net Initial Yield of 7.18%, assuming purchaser’s costs at 3.96%.

Our client would sell the units individually and pricing is available on request.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Legal costs

Each party is to bear their own legal costs involved in the transaction.

Anti-money laundering regulations

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.

Viewing

For general enquiries and viewing arrangements please contact Bradley Hall.