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INCOME PRODUCING INDUSTRIAL INVESTMENT OPPORTUNITY LOCATED ON A POPULAR ESTATE AND LET ON A NEW FULL TENANT REPAIRING LEASE WITH 3 YEAR RENT REVIEWS TO THE GREATER OF RPI OR MARKET RENT.

For sale: £200,000.00|1,972 |Industrial, Light industrial

Property details

FOR SALE£200,000.00
SIZE1,972
ADDRESSUnit 3 Jubilee Industrial Estate, Ashington, NE63 8UB
TYPEIndustrial, Light industrial
TENUREFor Sale Freehold
POSTED ON30th September 2021

Description

PRICE - £200,000 | TOTAL RENT - £17,160 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 (54 miles). The estate is very popular and has a range of occupiers and uses.

A comprehensive improvement program 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.

Importantly, UK battery tech investor Britishvolt has unveiled plans to build what is claimed to be Britain’s first gigaplant at the former coal-fired power station in Blyth in Northumberland, a 15 minute drive away from the subject property. The £2.6 billion project at the 95-hectare Blyth Power Station site will use renewable energy from the UK and possibly hydro-electric power generated in Norway and transmitted 447 miles under the North Sea through the ‘world’s longest inter-connector’ from the North Sea Link project.
By 2027, the firm estimates the gigaplant will be producing around 300,000 lithium-ion batteries a year. The project is predicted to create 8,000 new jobs in the local area.

Location

marker
Location: Unit 3 Jubilee Industrial Estate, Ashington, NE63 8UB

Pegswood (3.0 miles)

Morpeth (4.6 miles)

Widdrington (5.2 miles)

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