401 Princesway, Team Valley, Gateshead

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401 Princesway, Team Valley, Gateshead NE11 0TU – Investment Brochure

  • Modern industrial building extending to 4,324.64 sq m (46,550 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 Worthington Armstrong (UK) Limited unbroken 10 years from 26th August 2016 giving 9 years term certain
  • Tenant in occupation for over 20 years
  • Rent £279,400 per annum reflecting £6.00 per sq ft

Offers sought in excess of £4,000,000 (Four Million Pounds) reflecting a net initial yield of 6.56% assuming purchaser’s costs of 6.54%.