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Princesway 12,111 SF Industrial Building Gateshead NE11 0TU $1,799,703 CAD ($148.60 CAD/SF) 8.15% Cap Rate
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 | $1,799,703 CAD | Lot Size | 0.75 AC |
| Price Per SF | $148.60 CAD | Rentable Building Area | 12,111 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8.15% | Year Built | 2000 |
| Tenure | Long Leasehold | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.17/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ (4.88 m) |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Price | $1,799,703 CAD |
| Price Per SF | $148.60 CAD |
| Sale Type | Investment |
| Cap Rate | 8.15% |
| Tenure | Long Leasehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.75 AC |
| Rentable Building Area | 12,111 SF |
| No. Stories | 2 |
| Year Built | 2000 |
| Tenancy | Single |
| Parking Ratio | 1.17/1,000 SF |
| Clear Ceiling Height | 16’ (4.88 m) |
| No. Drive In / Grade-Level Doors | 1 |
Amenities
- Fenced Lot
- Yard
- Energy Performance Rating - C
- Automatic Blinds
- Storage Space
Utilities
- Heating - Gas
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Princesway
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