Log In/Sign Up
Your email has been sent.
1 Kings Ct 17,777 SF Industrial Building Gateshead NE11 0JS $3,069,553 CAD ($172.67 CAD/SF)
Investment Highlights
- Located on the North East's premier industrial estate.
- Rare 'cross docked' unit.
Executive Summary
The property comprises a prime, single let industrial investment securely let to Smiths News with c. 4.05 years unexpired on the lease at a rent of £131,550 per annum. The asset is located on the regions premier industrial estate and comprises a modern detached steel portal frame warehouse and production facility together with integral two storey office accommodation. The property benefits from 10 electrically operated access doors providing cross loading as well as two yard areas on both the northern and southern elevations. There was a tenant only break option at the end of the 5th year of the term which they didn't serve, showing their ongoing commitment to the location and building. Offers are sought in excess of £1,650,000 (One Million, Six Hundred & Fifty Thousand Pounds) exclusive of VAT, reflecting a Net Initial Yield of 7.51% after allowing for purchaser's costs of 6.16%. £1,650,000 reflects a reversionary yield of 8.62% and a low overall capital value of £92.82 per sq ft.
Property Facts
| Price | $3,069,553 CAD | Rentable Building Area | 17,777 SF |
| Price Per SF | $172.67 CAD | No. Stories | 23 |
| Sale Type | Investment | Year Built | 1982 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.88/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’7” (5.66 m) |
| Building Class | B | No. Drive In / Grade-Level Doors | 10 |
| Lot Size | 4.76 AC |
| Price | $3,069,553 CAD |
| Price Per SF | $172.67 CAD |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 4.76 AC |
| Rentable Building Area | 17,777 SF |
| No. Stories | 23 |
| Year Built | 1982 |
| Tenancy | Single |
| Parking Ratio | 0.88/1,000 SF |
| Clear Ceiling Height | 18’7” (5.66 m) |
| No. Drive In / Grade-Level Doors | 10 |
Amenities
- Security System
- Yard
- Automatic Blinds
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Smiths News Trading Limited
- Retailer
- 17,777 SF
- -
- Mar 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Smiths News Trading Limited | Retailer | 17,777 SF | - | Mar 2030 |
1 1
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1 Kings Ct
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.