Industrial & Office Investment – Earls Park North & Earls House, Team Valley, Gateshead NE11 0RQDownload
- Multi-let industrial & office investment
- 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
- Estate comprises 4 industrial units and a multi-let office building
- Significant asset management opportunities
- Gross Rent £263,765 per annum (net rent after shortfalls £216,946)
- Capital value reflects just £45.10 per sq ft overall
Offers sought in excess of £2,260,000 (Two Million Two Hundred and Sixty Thousand Pounds) reflecting a net initial yield based on the net income of 9.03% assuming purchaser’s costs of 6.34%. This will increase to 13.46% when fully let at ERV.