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Agent's details

FOR SALE - 1 Factory Road, Blaydon-on-Tyne, Newcastle, NE21 5SD

For sale: £1,350,000.00|6,920 - 14,711 Sq Ft|Distribution Warehouse, General Industrial, Industrial Park, Light Industrial, Warehouse, Industrial

Property details

FOR SALE£1,350,000.00
SIZE6,920 - 14,711 Sq Ft
ADDRESSFOR SALE - 1 FACTORY ROAD, BLAYDON-ON-TYNE, NE21 5SD
TYPEDistribution Warehouse, General Industrial, Industrial Park, Light Industrial, Warehouse, Industrial
TENUREFor Sale Freehold
POSTED ON16th June 2022

Description

Total combined rent of £89,340 per annum with potential to increase the rent with Boyd Ductwork to around £4.34 psf at rent review in December 2024, which would provide a reversionary rent of approximately £106,000 per annum.

Offers in excess of £1,350,000 are invited for the freehold interest of the property. A sale at this level reflects a yield of 6.25% assuming standard purchasers costs of 6.02% and a reversionary yield of 7.41% assuming uplift to £106,000 per annum and standard purchasers costs. A sale at £1.35m reflects a very low capital value of only £62.41 psf.

Location

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Location: FOR SALE - 1 FACTORY ROAD, BLAYDON-ON-TYNE, NE21 5SD

Blaydon (0.3 miles)

MetroCentre (1.7 miles)

Dunston (2.8 miles)

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