Element Master | Shields Rd
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Element Master Shields Rd
96,647 SF Light Industrial Building Newcastle Upon Tyne NE6 2YP £800,000 (£8/SF) 13.51% Net Initial Yield
Investment Highlights
- The property is located approximately 2 miles east of Newcastle City Centre
- Newcastle Shopping Park is 0.5 miles to the west, with occupiers including; B&M, ASDA, Argos, M&S, TK Maxx and Iceland
- Excellent road, rail and air connections with Newcastle Central Station serving the East Coast Mainline
Executive Summary
Well located mixed-use asset providing; high bay industrial/workshop accommodation and separate office space.
Passing rent £133,259 per annum. Offering excellent reversion, with ERV of £202,635 per annum
Held long leasehold expiring 21 March 2046 at a rent of £1,245 per annum. There are 22.15 years unexpired. The freeholder is Rolls Royce Engineering PLC.
Passing rent £133,259 per annum. Offering excellent reversion, with ERV of £202,635 per annum
Held long leasehold expiring 21 March 2046 at a rent of £1,245 per annum. There are 22.15 years unexpired. The freeholder is Rolls Royce Engineering PLC.
Property Facts Under Contract
| Price | £800,000 | Building Class | B |
| Price Per SF | £8 | Lot Size | 10.32 AC |
| Sale Type | Investment | Rentable Building Area | 96,647 SF |
| Net Initial Yield | 13.51% | Number of Floors | 2 |
| Tenure | Long Leasehold | Year Built | 1960 |
| Property Type | Light Industrial | Tenancy | Single |
| Property Subtype | Light Manufacturing | Level Access Doors | 3 |
| Price | £800,000 |
| Price Per SF | £8 |
| Sale Type | Investment |
| Net Initial Yield | 13.51% |
| Tenure | Long Leasehold |
| Property Type | Light Industrial |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Lot Size | 10.32 AC |
| Rentable Building Area | 96,647 SF |
| Number of Floors | 2 |
| Year Built | 1960 |
| Tenancy | Single |
| Level Access Doors | 3 |
Amenities
- Fenced Lot
- Security System
- Roller Shutters
- Storage Space
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Element Master | Shields Rd
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