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Under OfferFor sale: £320,000.00

Unit 5, Rekendyke Industrial Estate, South Shields, NE33 5BZ

General Industrial, Industrial Park, Industrial , 9387 Sq Ft
Property type: General Industrial, Industrial Park, Industrial
Tenure: Under Offer, For Sale Leasehold
Size: 9387 Sq Ft
Price: £320,000.00
Location: Unit 5, Rekendyke Industrial Estate, South Shields, , South Shields, NE33 5BZ
Detached unit with secure compound for sale. - Unit 5 is a detached warehouse building, the original section dating back to the early 1980s extended more recently with a higher bay section.

The original section is block/brickwork walls to dado level with cladding underlined with insulation panels to eaves. The unit has a single pitch mineral felt roof with a clear internal height of 3.75 m rising to 4.8 m. Loading is via a concertina door from the secure compound situated to the front.

The extension is brick/blockwork to dado level with profile insulated steel sheeting to eaves and an insulated steel sheet roof. Also single pitch, the extension has a clear internal height of 5 m. Loading is via an electric roller shutter (H 3.9 m x W 3.8 m).

Office accommodation and WCs are situated to the eastern gable end of the unit.
To the front of the property is a secure compound and staff parking.

The unit benefits from mains services including a 3 phase electricity supply.

The property is held by way of a 125 year ground lease commencing 6th April 1981 at a peppercorn rent.

Unit 5 is currently rated in conjunction with Unit 4 and will therefore require independent assessment.
Based on the entry on the Valuation Office Agency website it is estimated that a Rateable Value of £28,955 is attributed to Unit 5 and therefore rates payable for the financial year 2017/18 would be in the region of £14,000. Please contact the South Tyneside rating department for further information.
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