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Princesway 12,111 sq ft Industrial Property Gateshead NE11 0TU £975,000 (£80.51/sq ft) 8.15% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Premier industrial location
- Carpark
- Approximately 3 miles south of Newcastle City Centre
EXECUTIVE SUMMARY
The property is held by way of a Long Leasehold interest for a term of 125 years from 20 April 1988 at a peppercorn rental. There are 89 years remaining on the long leasehold.
PROPERTY FACTS Sale Pending
| Price | £975,000 | Total Plot Size | 0.75 ac |
| Price per sq ft | £80.51 | Net Internal Area (NIA) | 12,111 sq ft |
| Sale Type | Investment | No. Floors | 2 |
| Yield | 8.15% | Year Built | 2000 |
| Tenure | Long Leasehold | Tenancy | Single |
| Property Type | Industrial | Parking Allocation | 1.17/1,000 sq ft |
| Property Subtype | Warehouse | Eaves Height | 16 ft (4.88 m) |
| Costar Property Class | C | No. Drive In / Grade-Level Doors | 1 |
| Price | £975,000 |
| Price per sq ft | £80.51 |
| Sale Type | Investment |
| Yield | 8.15% |
| Tenure | Long Leasehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | C |
| Total Plot Size | 0.75 ac |
| Net Internal Area (NIA) | 12,111 sq ft |
| No. Floors | 2 |
| Year Built | 2000 |
| Tenancy | Single |
| Parking Allocation | 1.17/1,000 sq ft |
| Eaves Height | 16 ft (4.88 m) |
| No. Drive In / Grade-Level Doors | 1 |
AMENITIES
- Fenced Lot
- Yard
- EPC - C
- Roller Shutters
- Storage Space
UTILITIES
- Heating - Gas
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Princesway
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