PRICE - £195,000 | TOTAL RENT - £16,640 p.a. | YIELD – 8.5%
Jubilee Industrial Estate lies in a
strategic position only 15 miles
from Newcastle upon Tyne on
the A196, within a few minutes drive of the A 189 which is a
direct link to the A1M and the
national road network.
It is located 5 miles from
Morpeth and 10 miles from the
Port of Blyth.
Other north east centres within
a convenient distance include
Sunderland (26 miles), Durham
(36 miles) and Middlesbrough
The estate is very popular and
has a range of occupiers and uses.
A comprehensive improvement programme has
been completed at Jubilee Industrial Estate, to
provide a range of units with ample car parking.
It reflects the general market in the North East
where there is a recognised shortage of secondary
accommodation throughout the size ranges. Tenant
demand has remained consistently strong putting
continued upward pressure on rents and lowering
of tenant incentives. A full estate management
scheme is in place and the cost is recovered
from the tenants by way of a modest service
charge. The units are built of traditional design and
materials with cladded walls and roof and provide
approximately 1,972 sq ft (183.1 sq m) of light