Industrial in NE12

Samson Close, George Stephenson Industrial Estate, Newcastle upon Tyne, Tyne and Wear, NE12 6DX

Starting Bid
£380,000

Sold

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Substantial two storey property
  • Industrial/office use
  • GIA 1,577sqm (16,976sqft)
  • Let for £45,200 per annum
  • Established industrial location
  • Long leasehold title (99y from 2011)

Industrial in NE12

FOR SALE BY WAY OF ONLINE AUCTION: terms and conditions apply.

We are pleased to offer to auction this substantial two storey industrial/office building, well located within the established George Stephenson Industrial estate, Newcastle upon Tyne. The property briefly comprises of a office, main workshop, and rear workshop to the ground floor along with two offices, 2 workshops and a showroom to the first floor. Currently, the property is let to 3 separate tenants, generating an annual income of £45,200.

Summary

  • Property Type: Industrial
  • Tenure: Leasehold
  • Parking: Allocated

Location

The subject property is well located in George Stephenson Industrial Estate, Newcastle upon Tyne. The subject property is located close to local transport links with the closest bus stop being a short walk away as well as being close to major roads (A19 and A189). The property is 5 miles north of Newcastle upon Tyne city centre and 13 miles south of Morpeth.

Accommodation

GROUND FLOOR
Office
W.C.
Kitchen
Main workshop
Store
Workshop

FIRST FLOOR
Office
Office
W.C.
Workshop
Showroom
Workshop
Store

NIA 1,577.08sqm (16,976sqft)

Lease Details

We are advised that the site is virtually fully let, and generating an annual income of £45,200.

Ground floor: let for £30,000pa to an ink manufacturing company. Note these tenants are currently holding over, however are in discussions to sign a new lease.
Unit F: let for £9,500pa to a personal trainer.
Unit G: let for £5,700pa to a photographer.

Please refer to the legal pack for further tenancy information.

Tenure

Long leasehold title, from and including 23 June 2011 to and including 22 June 2110. Title number TY497807.

Rateable Value

The adopted rateable values, as of 1st April 2017, are as follows:
Ground floor: £7,100
Unit F: £9,300
Unit G: £5,600
Sourced from VOA.

EPC

Available upon request (rating D).

Additional Information

For further information please contact our office direct on 0191-737-1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Ground floor

Ground floor

First floor

First floor

Second floor

Second floor