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AIS Ltd, Unit 8 Hedley Court, Orion Buiness Park, North Tyneside NE29 7ST

  • New 10 year unbroken lease from 1st October 2015 with uncapped RPI rent review provisions and 2.5%pa collar
  • Modern high specification 567 sq m (6,100 sq ft) office building
  • Let to Advanced Industrial Solutions Ltd
  • Tenant has spent £500,000 on fit out
  • Located on Orion Business Park which together with Tyne Tunnel Trading Estate provides over 185,000 sq m (2,000,000 sq ft) of commercial accommodation.
  • Rent £61,000 per annum (£10.00 per sq ft)

We are instructed to seek offers of £680,000 (Six Hundred and Eighty Thousand Pounds), which reflects a net initial yield of 8.50% after purchaser’s costs at 5.80%