Investment Highlights
- Modern multi-unit industrial investment
- Well located on the edge of the established Boldon Business Park and Boldon Leisure Park
- Excellent road communication close to the A19, Tyne Tunnel and A184 Newcastle Road
- 7,565 sq ft across two buildings
- Undoubted covenant in NHS Property Services Limited with shareholders’ funds in excess of £3bn
- In occupation since 2008
- 10 year lease from 3rd January 2018 expiring 2nd January 2028
- Two parades capable of providing 3 separate units in the future if required
- Rent £47,338 per annum reflecting £6.25 per sq ft
Offers sought in excess of £640,000 (Six Hundred and Forty Thousand Pounds) reflecting a net initial yield of 7.03% assuming purchaser’s costs of 5.16%. This reflects a capital value of £86.60 per sq ft.