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Investment Highlights

  • Extremely well-connected property, directly adjacent to the A1(M)
  • An average in excess of 34,000 motor vehicles pass A695 every day (2023)
  • Excellent prominence from the A695 (Blaydon Highway)
  • Site area of approximately 7 acres

Executive Summary

Extremely prominent multi-let industrial investment with future redevelopment potential.
For sale - Offers in excess of £5,000,000 (Five Million Pounds) exclusive of VAT. A sale at this level reflects a net initial yield of 7.08% and a
conservative reversionary yield of 8.91% assuming standard purchasers costs of 6.59%. A sale at £5m reflects a capital value of £60.43 psf.

Property Facts

Price $6,601,500
Price Per SF $79.79
Sale Type Investment
Cap Rate 7.08%
Tenure Freehold
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 6.05 AC
Rentable Building Area 82,740 SF
No. Stories 2
Year Built 1986
Parking Ratio 0.05/1,000 SF
Clear Ceiling Height 29’ (8.84 m)
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 4

Amenities

  • Yard
  • Automatic Blinds

Utilities

  • Lighting
  • Water
  • Sewer

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • Ground - Unit 1B
  • 7,508 SF
  • Industrial
  • Full Build-Out
  • Now

A refurbished mid-terrace industrial unit providing clear open warehouse/workshop accommodation with integrated offices and WCs. The unit benefits from strong eaves height, overhead cranes and access to a shared service yard, making it suitable for a range of industrial and distribution occupiers.

Space Size Space Use Build-Out Available
Ground - Unit 1B 7,508 SF Industrial Full Build-Out Now

Ground - Unit 1B

Size
7,508 SF
Space Use
Industrial
Build-Out
Full Build-Out
Available
Now

Ground - Unit 1B

Size 7,508 SF
Space Use Industrial
Build-Out Full Build-Out
Available Now

A refurbished mid-terrace industrial unit providing clear open warehouse/workshop accommodation with integrated offices and WCs. The unit benefits from strong eaves height, overhead cranes and access to a shared service yard, making it suitable for a range of industrial and distribution occupiers.

  • Listing ID: 33296204

  • Date on Market: 9/25/2024

  • Last Updated:

  • Address: Chainbridge Rd, Blaydon On Tyne NE21 5ST

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