- Modern high specification 280 sq m (3,015 sq ft) office building
- Excellent business park location next to the amenities of Kingston Park and with close proximity to both the A1(M) and Newcastle International Airport
- Let to RNJ Partnership LLP on a new 10 year lease expiring 31st March 2032 (tenant break 31st March 2027). The lease incorporates annual rent reviews
- Tenant have been in occupation since the building was constructed in 1992
- Rent £29,400 per annum (just £9.75 per sq ft)
We are instructed to seek offers of £350,000 (Three Hundred and Fifty Thousand Pounds), which reflects a net initial yield of 8.09% after purchaser’s costs at 3.80%.