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Blaydon Industrial Estate Chainbridge Rd 82,740 SF 100% Leased Industrial Building Blaydon On Tyne NE21 5ST $6,673,429 ($80.66/SF) 7.08% Cap Rate

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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 $6,673,429
Price Per SF $80.66
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
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
  • Listing ID: 33296204

  • Date on Market: 9/25/2024

  • Last Updated:

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

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