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Unit L5, Intersect 19, Tyne Tunnel Trading Estate, North Shields, NE29

To rent: £345,000.00|57,707 Sq Ft|Distribution Warehouse, General Industrial, General Industrial, Industrial Park, Light Industrial, Trade Counter, Retail Park, Retail Park, Warehouse, Industrial, Retail

Property details

TO RENT£345,000.00
SIZE57,707 Sq Ft
ADDRESSUnit L5, Intersect 19, Tyne Tunnel Trading Estate, North Shields, NE29
TYPEDistribution Warehouse, General Industrial, General Industrial, Industrial Park, Light Industrial, Trade Counter, Retail Park, Retail Park, Warehouse, Industrial, Retail
TENURETo Let
POSTED ON14th December 2022

Description

57,707 sq ft hi-spec unit immediately available - Completed in 2018 the unit benefits from the following specification:

Steel portal frame construction
Block walling at lower level with insulated steel profile cladding to eaves
Insulated steel sheet roof inc.rooflights
50 kN/m² reinforced concrete floor throughout
Access via 2 electric sectional doors from rear yard (7.38m height x 7.95m width)
Singlesectionaldoor to front elevation (5m x 5m)
2No. 20T, 1 No. 1T & 1 5T travelling cranes
3 phase power supply, gas and water
1.5 MVA dedicated power supply
LED lighting
High quality offices, canteen and WC facilities
Mezzanine storage
Energy Rating: 24 A
Secure service yard
Dedicated parking

According to the Valuation Office Agency website, the property has as Rateable Value of £173,000 with a future Rateable Value (from April 2023) of £241,000.

The estimated business rates bill from 1 April 2023 is £115,358 though we advise interested parties to make their own enquiries as to whether any rates relief applies.

The premises are held by way of an existing lease expiring 22 April 2028. The current passing rent is £345,000 per annum. There is a rent review due on 23 April 2023.

The premises are available by way of an assignment or sublease of our client’s leasehold interest.

Location

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Location: Unit L5, Intersect 19, Tyne Tunnel Trading Estate, North Shields, NE29

Heworth (4.8 miles)

Manors (5.3 miles)

Newcastle (5.8 miles)

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