Guide price
£450,000
(£119.59/sq. ft)
Office for saleAlbion Way, Blyth, Northumberland NE24
3,763 sq. ft
About this property
Investment for sale
Net Initial Yield of 8.58%
Hybrid unit office and light industrial
Car park with EV charging points c20 bays
Good transport links; close to A189 and A19
The property comprises a two storey, detached hybrid unit, of masonry construction beneath a pitched tiled roof, providing a combination of office accommodation and light industrial space.
At ground floor, the unit includes a reception area, open plan office with cellular suites, kitchen, WC facilities, and a functional industrial garage suitable for vehicle repair or workshop use. The warehouse is served by an electric roller shutter loading door measuring approximately 3.0 m wide by 3.0 m high, providing efficient access for servicing, deliveries and trade operations. The industrial space benefits from an apex height of approximately 6.0 m and eaves height of approximately 3.12 m, offering strong clearance and operational flexibility.
The first floor offers additional office accommodation together with further storage space.
Externally, the site offers a mix of parking bays and electric vehicle charging points, with c20 spaces available.
Ground floor office 124.47 m2 1,340 ft2
Ground floor Industrial 181.47 m2 1,953 ft2
First floor 43.68 m2 470 ft2
Total 349.62 m2 3,763 ft2
EPC
B40
Rating assessment
The rateable value of the premises as of the 1st April 2023 is £20,000 interested parties should confirm the current position with the Local Authority.
Terms
The Freehold is available to purchase at £450,000 (Four Hundred and Fifty Thousand Pounds). A purchase at this level reflects a Net Initial Yield of 8.58% assuming Purchaser’s Costs of 6.03%.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. This property is not elected for 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 the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
Viewings
For general enquiries and viewing arrangements please contact Bradley Hall.
At ground floor, the unit includes a reception area, open plan office with cellular suites, kitchen, WC facilities, and a functional industrial garage suitable for vehicle repair or workshop use. The warehouse is served by an electric roller shutter loading door measuring approximately 3.0 m wide by 3.0 m high, providing efficient access for servicing, deliveries and trade operations. The industrial space benefits from an apex height of approximately 6.0 m and eaves height of approximately 3.12 m, offering strong clearance and operational flexibility.
The first floor offers additional office accommodation together with further storage space.
Externally, the site offers a mix of parking bays and electric vehicle charging points, with c20 spaces available.
Ground floor office 124.47 m2 1,340 ft2
Ground floor Industrial 181.47 m2 1,953 ft2
First floor 43.68 m2 470 ft2
Total 349.62 m2 3,763 ft2
EPC
B40
Rating assessment
The rateable value of the premises as of the 1st April 2023 is £20,000 interested parties should confirm the current position with the Local Authority.
Terms
The Freehold is available to purchase at £450,000 (Four Hundred and Fifty Thousand Pounds). A purchase at this level reflects a Net Initial Yield of 8.58% assuming Purchaser’s Costs of 6.03%.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. This property is not elected for 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 the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
Viewings
For general enquiries and viewing arrangements please contact Bradley Hall.
Mortgage calculator
Monthly repayment
£2,251 per month
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