The portfolio comprises 16 self-contained flats within brick built terrace properties. Within the portfolio 15 units are currently vacant. These units require refurbishment and modernization. This presents the unique opportunity to actively manage the properties and increase the occupancy rate across the portfolio.
- Residential development/investment opportunity. - Comprises 17 units and 1 freehold reversionary interest. - Two occupied properties within the portfolio producing a rental income of £7,680 per annum. - Excellent opportunity for asset management and renal growth. - Estimate that the portfolio has the potential to generate a rental income of £77,736 per annum - Subject to undertaking works to bring the properties into a reasonable condition.
DEVELOPMENT/INVESTMENT OPPORTUNITY OF 17 RESIDENTIAL UNITS
Type: Residential, Land, Commercial Land
105 Colston Street, Newcastle Upon Tyne, NE4 8UNGBNewcastle upon Tyne, Newcastle upon TyneNorthumberlandNE4 8UN105, Colston Street
Residential Development Opportunity - The site is brownfield and previously comprised the West Chirton South Industrial Estate, most of which has been cleared of buildings other than a central block of warehouses known as Bugatti Industrial Park. In recent years the surrounding area has become largely mixed use with both food and non-food retail occupiers including Tesco, infill residential and residual industrial/trade centre buildings.
The vendors have provided a comprehensive information pack and interested parties are invited to register a request for a File Transfer link.
Norham Road, West Chirton, North Shields, NE29 7HA
Type: Land, Commercial Land
Norham Road, West Chirton, North Shields, , North Shields, NE29 7HAGBNorth Tyneside, North ShieldsNorthumberlandNE29 7HANorham Road
Subject to Contract INCENTIVES AVAILABLE FOR QUICK COMPLETION !!!! The property comprises a single storey steel portal frame industrial unit with brick and block walls and cladding above under a pitched profile metal roof. Internally the warehouse benefits from concrete floors throughout, a mixture of strip and spot lighting, gas fired space heaters and a minimum eaves height of 4.3m rising to 6.5m at the apex. A small office, kitchen and wc facility is provided to the front of the premises. Access is via 4 loading doors to the front elevation which lead to a secure yard and parking area. The freehold is available with vacant possession at an asking price of GBP 800,000. Alternatively the property is available by way of a new full repairing and insuring lease for a term of years to be agreed at a rent of GBP 60,000 per annum exclusive.
Industrial/factory shop units available Development land also available.
A substantial complex of warehousing and manufacturing premises offering good quality units in a range of sizes at economical rents. Units 5D and 5K offer retail/factory shop space at the front of the site. The competitive service charge covers a comprehensive package of services including 24 hour security, on-site management, external building and site maintenance together with building insurance.
The units are available on new full repairing and insuring leases by way of a service charge recovery for a term and rent review pattern to be agreed. Rent on application. All transactions will be subject to the landlord's Board approval. ( Agency Pilot Software Ref: 2008818 )
Admiral Business Park, Nelson Way, Cramlington, NE23 1WG
Type: Warehouse, Land, General Industrial, Industrial, Commercial Land
Admiral Business Park, Nelson Way, Cramlington, NE23 1WGGBNorthumberland, CramlingtonNorthumberlandNE23 1WGNelson Park West
The property is a large period building, extending to approximately 1100.17m² (10,393ft²) GIA and which consists of an original central section with more modern additions to the east, and a single storey wing to the north. The building is predominantly of a stone construction under a slate roof and is located in a rural situation within the hamlet of Scot's Gap, and close to the Auction Mart. The property was formally utilised as offices by The National Trust and would therefore be ideally suited to this use going forward.
The property is generally in good order and would only require cosmetic repair and decoration to the interior.
* Parking - There is extensive car parking to the side and rear of the property * Services - Mains electricity, mains water and mains drainage are connected. There is CAT 5e cabling in place for network / phone points. The tenant(s) will need to arrange their own network hardware and phone system with an appropriate supplier. Broadband * Garden - There is a grassed garden area to 3 sides of the property * Internet - Broadband connection available in the area through an appropriate supplier. * Insurance - The National Trust is responsible for insuring the building to its full re-instatement value however it will recharge this cost back to the tenant(s) through the service charge. The tenant(s) will be responsible for insuring their own fixtures * Applications - A copy of the prospective tenants previous 3 years audited accounts will be required. A credit check will also be carried out on prospective tenants. Any offer of a tenancy will be subject to the credit check providing an acceptable result