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)
This is approximately 0.35 hectares (0.86 acres).
The eaves height is approximately 6 m (20 ft). At the southern end of each bay is an electric metal roller shutter loading door each with a width of approximately 5.5 m (18 ft) and a height of 6 m (20 ft). The eastern bay has a 3 and 5 tonne travelling crane. The western bay has 2 No 10 tonne travelling cranes.
To the west of the main building is a more modern workshop. There is an electric roller shutter door on the south elevation measuring approximately 4 m (13 ft) by 5 m (16 ft 6 in). This space includes a 1 tonne side to side gantry crane.
LED lights are fitted and the property has a 50Kw solar energy system that generates a feed-in tariff of approximately £10,000 per annum until 2032.
Additional parking is available to the south of the estate
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
Send us a message using the contact form.