Industrial Units Investment Opportunity: 26 Units of Varying Sizes

About the Development

This investment opportunity comprises 26 individual industrial units of varying sizes, with the added advantage of five units offering private secured yards.

Phase 1 comprises 8 industrial/workshop units ranging from 2,640 sq. ft. to 3,030 sq. ft. Additionally featured here is The Cone, which endured a complete overhaul delivering an impressive
3,340 sq. ft. outlet with a 5,150 sq. ft. secured yard. Being the tallest building in Lemington, it poses as an iconic landmark in the local area.

Phase 2’s 11 hybrid units come complete with a WC, kitchenette, electric roller shutter, BT connection, 3-phase electricity and water, ensuring a hassle-free and efficient work environment from day one. The ground floor warehouse is perfect for storage whilst the load bearing first floor can be customised into limitless configurations suitable for any business.

Phase 3 features a collection of 6 refurbished units. Among the units, two are situated across ground floor & base level, while the remaining four units are positioned at ground level solely.
Notably, one of these six units (no. 26) stands independently, boasting a detached status and private secured yard.

Phase 4 features two yards totalling over 2 acres of land, the freehold of which has now been sold. Yard 1 has been purchased by Vertu Motors and the second by Thrifty Car Rental.

Constructed with durability in mind, the units feature a robust-steel frame, reinforced in concrete floors and a combination of cladding and brick exterior.*

Internally, most units are equipped with an electric roller shutter door, convenient internal amenity block housing essential services such as a kitchen, WC and store facilities, 24 hour security and ample free parking. Each property is equipped with its own meter, ensuring independent utility management, along with the added benefits of 3-phase electricity, electrically operated roller shutter doors and ample free parking.

The Portland Group expertly manages the entire estate, ensuring seamless operations and upkeep. An annual service charge of approximately 45p per square foot covers all associated estate
management costs. This fee is directly billed to tenants, meaning you, as an investor, won’t have to handle the estate’s day-to-day maintenance. With Portland handling everything and tenants covering the costs, investing in this industrial development offers you a hassle-free experience.

Distances & Drive Times

A1 (M) 1 Miles 5 Mins
Newcastle City Centre 6.1 Miles 14 Mins
Metrocentre 3 Miles 10 Mins
Newcastle International Airport 5 Miles 15 Mins
Tyne Bridge 4 Miles 15 Mins
Gateshead 3 Miles 15 Mins