Prime Industrial Investment

  • Modern 100% prime industrial building extending to 917.6 sq m (9,877 sq ft)
  • Located on Team Valley the premier industrial location in the North East comprising over 700 acres and 7 million sq ft of business space
  • Excellent road communications being situated directly on the A1 Western Bypass accessed by two separate junctions
  • Just 3 miles south of Newcastle city centre and 1 mile south of Gateshead town centre
  • Let to Clear Channel UK Limited 10 years from 29th September 2013 giving 5.5 years term certain
  • Rent £52,900 per annum reflecting just £5.35 per sq ft

Offers sought in excess of £715,000 (Seven Hundred and Fifteen Pounds) reflecting a net initial yield of 7.02% assuming purchaser’s costs of 5.33%.