£4,000,000
(£112.51/sq. ft)
Property for saleUnits 1-17 Noble Street Industrial Estate, Newcastle Upon Tyne, Tyne And Wear NE4
35,552 sq. ft
About this property
Prominent trade investment extending to 35,552 sq ft providing 17 units between 2,087 sq ft and 4,174 sq ft
Excellent location off Scotswood Road 1 mile west from Newcastle city centre and 2.5 miles west from the A1(M)
Secure tenant line up with tenants including Vodafone, UK Electric Limited & Lloyd Worrall
Total income of £299,339 per annum
WAULT to expiry of 5.00 years & 2.53 years to break
Reserved erv of £337,744 per annum
86% of the income is to tenants with a CreditSafe Rating of A / B ('Very Low Risk' / 'Low Risk')
43% of the income has a rent review mechanism to the greater of omrv or rpi (2% - 4% collar and cap respectively)
Offers in excess of £4,000,000 (Four Million Pounds), reflecting a niy of 7.02% and a reversionary yield of 7.93%.
Prominent trade scheme extending to 35,552 sq ft providing 17 units between 2,087 sq ft and 4,174 sq ft.
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