Former SAFT River Dr 81,369 SF Industrial Building South Shields NE33 2TR £1,900,000 (£23.35/SF)
INVESTMENT HIGHLIGHTS
- Riverside Industrial Site
- Warehouse 81,369 ft2 (7,559 m2)
- Headroom range 5m – 8.5m
- Total site area approx. 3.87 acres
- Extensive frontage to River Tyne
- Potential for Residential development STP
EXECUTIVE SUMMARY
The property comprises single storey industrial warehouses constructed circa 1940 having a single storey office section to the River Drive elevation. The main factory has a multi span pitched roof, and the elevation to the riverside (northern elevation) would appear to have been extended in the last 20-30 years. There is a grassed area to the River Drive elevation and the building has separate hard standing to both its western and eastern boundaries together with office parking to the front elevation. The headroom in the main warehouse ranges from between 5m to 8.5m. Externally there is a water storage tank which we understand feeds the sprinkler system within the plant.
PROPERTY FACTS
| Price | £1,900,000 |
| Price Per SF | £23.35 |
| Sale Type | Investment or Owner User |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Lot Size | 3.84 AC |
| Rentable Building Area | 81,369 SF |
| Number of Floors | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 0.5/1,000 SF |
CONTACTS
-
Mario Jaconelli -
Alexa Reavley -
Lofthouse and Partners
