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1 Rotary Way 23,778 SF Industrial Condo Unit Offered at $2,392,280 in Ashington NE63 8QW
Investment Highlights
- Established business park location
- Single let income-producing asset
- Strong transport connectivity
Executive Summary
Unit 10 is a detached industrial warehouse constructed in the early 2000s and situated within Wansbeck Business Park, Ashington. The building is of steel portal frame construction with insulated metal clad elevations and roof incorporating roof lights. The property benefits from a secure self-contained site extending to approximately 0.40 acres, front car parking for around 25 vehicles, a secure rear yard, and substantial rooftop solar panel installation. The location provides access to the A189 Spine Road and onward connections to the A19, A1(M) and Newcastle upon Tyne.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Sale Type | Investment |
| Tenure | Freehold |
Description
The accommodation comprises a modern warehouse facility providing predominantly industrial and storage space together with ancillary processing areas, staff facilities and two-storey office accommodation. The specification includes LED lighting, gas-fired warehouse heating, two loading doors, eaves heights from approximately 5.3 m to 7.0 m, and a secure rear service yard. The property is suitable for manufacturing, storage, distribution and related industrial occupiers.
Sale Notes
For sale as a single-let industrial investment. The property produces a passing rent of £132,000 per annum from Northumbrian Ice Cream Company Limited (t/a Polar Krush Group) under an FRI lease expiring 31 May 2035, with an upward-only rent review in October 2029. Offers are sought in excess of £1,775,000, reflecting a net initial yield of 7.00% and a reversionary yield of 8.22%, subject to purchaser's costs.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 10 | 23,778 SF | Industrial | $2,392,280 ($100.61/SF) | - |
Unit 10
| Unit Size |
| 23,778 SF |
| Condo Use |
| Industrial |
| Price |
| $2,392,280 ($100.61/SF) |
| NOI |
| - |
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Unit 10
| Unit Size | 23,778 SF |
| Condo Use | Industrial |
| Price | $2,392,280 ($100.61/SF) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Freehold |
| Description | |
| The accommodation comprises a modern warehouse facility providing predominantly industrial and storage space together with ancillary processing areas, staff facilities and two-storey office accommodation. The specification includes LED lighting, gas-fired warehouse heating, two loading doors, eaves heights from approximately 5.3 m to 7.0 m, and a secure rear service yard. The property is suitable for manufacturing, storage, distribution and related industrial occupiers.</li></ul> | |
| Sale Notes | |
| For sale as a single-let industrial investment. The property produces a passing rent of £132,000 per annum from Northumbrian Ice Cream Company Limited (t/a Polar Krush Group) under an FRI lease expiring 31 May 2035, with an upward-only rent review in October 2029. Offers are sought in excess of £1,775,000, reflecting a net initial yield of 7.00% and a reversionary yield of 8.22%, subject to purchaser's costs.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 38,535 SF | Typical Floor Size | 19,268 SF |
| Property Type | Retail (Condo) | Year Built | 1989 |
| Property Subtype | Storefront | Tenancy | Single |
| Building Class | B | Lot Size | 0.40 AC |
| Floors | 2 |
| Total Building Size | 38,535 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 19,268 SF |
| Year Built | 1989 |
| Tenancy | Single |
| Lot Size | 0.40 AC |
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