The subject property is an end-terraced steel portal frame unit with a profile sheet exterior, brick and blockwork walls and a pitched roof. Internally there is a concrete floor, strip fluorescent lighting as well as translucent sky-lights in the roof.
There is a single storey block built area to the front of the building providing office/storage along with W/C. Vehicular access is through a full height roller shutter. The minimum eaves height is 4.63m rising to 5.67m at the max. There is staff / customer parking to the front and adjacent of the property.
Modern detached manufacturing / warehouse space constructed in 2007
Strategic business park location close to A19 (Tyne Tunnel approach) & A1058 (Coast Road)
High quality offices, canteen, lobby/reception and board room
Dedicated car parking & secure serviced yard via two electric sectional doors (5m x 5m)
Total Size: 2,123.5 sq m (22,858 sq ft)
Asking Rent: £125,000 per annum (£5.47 psf)
Unit A let to Restore PLC at £40,000 pa until 2023
Restore PLC reported total turnover in excess of £176m
Total floor area of approximately 21,062 sq ft
Opportunity to add value by letting Unit B (ERV £32,000 pa)
Offers in excess of £730,000 reflecting a low capital value of
only £34.66 psf
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