- 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%