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FREEHOLD INDUSTRIAL INVESTMENT UNIT LOCATED ON A REFURBISHED POPULAR ESTATE. THE UNIT IS LET ON NEW 10 YEAR FULL TENANT REPAIRING LEASE WITH RENT REVIEWED TO THE GREATER OF RPI OR MARKET RENT.

For sale: £195,000.00|1,972 |Industrial, Light industrial

Property details

FOR SALE£195,000.00
SIZE1,972
ADDRESSUnits 4&13 Jubilee Industrial Estate, Ashington, Northumberland, NE63 8UB
TYPEIndustrial, Light industrial
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON22nd July 2021

Description

PRICE - £195,000 | TOTAL RENT - £16,640 p.a. | YIELD – 8.5%

LOCATION
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
(54 miles).
The estate is very popular and
has a range of occupiers and uses.
Jubilee
Industrial Estate,
Northumberland,
NE63 8UBDESCRIPTION
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
industrial accommodation

Location

marker
Location: Units 4&13 Jubilee Industrial Estate, Ashington, Northumberland, NE63 8UB

Pegswood (3.0 miles)

Morpeth (4.6 miles)

Widdrington (5.2 miles)

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