Phase 2

INVESTMENT SUMMARY

• A rare opportunity to acquire a multi-let industrial estate located in Lemington, Newcastle upon Tyne.
• The property comprises a refurbished multi-let industrial estate spanning six units totalling 16,971sq. ft.
• The tenant mix is varied and focussed on clean, trade-orientated use. The salient rental tone of £10 per sq ft is well-established and all leases benefit from rent reviews to the higher of OMR or uncapped RPI.
• Direct access to the A6085, which links in turn the A1(M), A69 and Newcastle city centre.
• Freehold
• Offers sought in the region of £2,540,000 which equates to a net yield of 6.5%

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

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.

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

Internally, most units are equipped with a convenient internal amenity block, housing essential services such as a kitchen, WC and store facilities.

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.