£6,419,500
(£105.28/sq. ft)
Industrial for saleFifth Avenue, Team Valley Trading Estate, Gateshead NE11
60,973 sq. ft
About this property
A unique opportunity to acquire a portfolio of five, prime industrial units across the North East of England
Over 80% of the portfolio income to 'Creditsafe 100 / A' or nhs entities
Low passing rent across the portfolio
At the time of marketing the reversionary yield sits at c. 7.79%
The reversionary income can be realised across c. 55% of the portfolio in under a 3 year period
£6,419,500 reflects a reversionary yield of 7.79% and a low overall capital value of c. £105.28 /ft.
Excellent access to the transport infrastructure both by road and sea nationally and internationally
Good range of unit sizes offered suit a large number of storage, distribution, manufacturing and logistics occupiers
Liquid assets with opportunity for future individual disposals or sales to owner occupiers at a premium
Immediate access to a rostrum of extremely strong tenant income
Attractive WAULT of 9.06 years to expiry and 7.23 years to break
Low passing rent across the portfolio
Tier of the market which is experiencing significant upward pressure on rents - at the time of marketing the reversionary yield sits at c. 7.79%
Over 80% of the portfolio income to 'Creditsafe 100 / A' or nhs entities
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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