Derwenthaugh Industrial Estate Gateshead Newcastle upon Tyne Tyne & Wear NE16 3BQ

  • Derwenthaugh Industrial Estate<br>Gateshead<br>Newcastle upon Tyne<br>Tyne & Wear<br>NE16 3BQ

Derwenthaugh Industrial Estate
Gateshead
Newcastle upon Tyne
Tyne & Wear
NE16 3BQ

Freehold Multi-Let Industrial Investment

  • Tenants include Colas Limited, Marshalls Mono Limited & Dawsonrentals Vans Limited
  • Approximately 22,273.09 sq m (239,752 sq ft) inclusive of compounds with a site area of 6.96 hectares (17.2 acres)
  • Low site coverage of approximately 14%
  • Established Industrial Estate strategically located adjacent to the A1
  • Nearby occupiers include Premier Inn, Travelodge, Toyota, Mazda, Frankie & Bennys and KFC
  • Future redevelopment potential (subject to consents)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    36
  • Auction
    9th July 2015
  • Rent
    £170,206 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,770,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of joint LPA receivers DTZ
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Freehold Multi-Let Industrial Investment

  • Tenants include Colas Limited, Marshalls Mono Limited & Dawsonrentals Vans Limited
  • Approximately 22,273.09 sq m (239,752 sq ft) inclusive of compounds with a site area of 6.96 hectares (17.2 acres)
  • Low site coverage of approximately 14%
  • Established Industrial Estate strategically located adjacent to the A1
  • Nearby occupiers include Premier Inn, Travelodge, Toyota, Mazda, Frankie & Bennys and KFC
  • Future redevelopment potential (subject to consents)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 36
  • Auction 9th July 2015
  • Rent £170,206 per Annum Exclusive
  • Status Sold
  • Price £1,770,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of joint LPA receivers DTZ

Property Information

Location
Miles
4 miles west of Gateshead
4 miles south-west of Newcastle upon Tyne
16 miles north of Durham
Roads
A694, A1, A68, A69, A1(M)
Rail
Blaydon Railway Station, Metrocentre Railway Station
Air
Newcastle Airport
Situation

The property is situated in a well established commercial and industrial location north-west of Gateshead town centre and some four miles south-west of Newcastle-upon-Tyne. The estate’s strategic location is highly visible ad directly accessed from the A1which provides excellent road communications to the regional and national motorway network. The property is 1 mile from the major Intu Metrocentre Shopping Centre/Retail Park. Nearby occupiers include Premier Inn, Travelodge, Toyota, Mazda, Frankie & Benny’s and KFC.

Tenure

Freehold.

Location
Miles
4 miles west of Gateshead
4 miles south-west of Newcastle upon Tyne
16 miles north of Durham
Roads
A694, A1, A68, A69, A1(M)
Rail
Blaydon Railway Station, Metrocentre Railway Station
Air
Newcastle Airport
Situation

The property is situated in a well established commercial and industrial location north-west of Gateshead town centre and some four miles south-west of Newcastle-upon-Tyne. The estate’s strategic location is highly visible ad directly accessed from the A1which provides excellent road communications to the regional and national motorway network. The property is 1 mile from the major Intu Metrocentre Shopping Centre/Retail Park. Nearby occupiers include Premier Inn, Travelodge, Toyota, Mazda, Frankie & Benny’s and KFC.

Tenure

Freehold.

Description

The industrial estate comprises a secure site of approximately 6.96 hectares (17.2 acres) upon which is built a variety of offices, workshops, industrial units and open storage.
The property has a low site coverage of approximately 14% and has excellent redevelopment potential subject to consents. The property benefits from an inner ring road and car parking throughout the estate.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act
Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The industrial estate comprises a secure site of approximately 6.96 hectares (17.2 acres) upon which is built a variety of offices, workshops, industrial units and open storage.
The property has a low site coverage of approximately 14% and has excellent redevelopment potential subject to consents. The property benefits from an inner ring road and car parking throughout the estate.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act
Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Use Floor Areas (Approx) Tenant Term Rent p.a. Review/(Reversion)
Compound 3 Industrial
3,766.00 sq m
(40,538 sq ft)
COLAS LIMITED (1) Approx 4 years from 29/04/2014 (2) £24,000 (21/07/2018)
Compound T Industrial     COLAS LIMITED (1) Approx 4 years from 15/08/2014 (3) £2,340 (21/07/2018)
Compound X & XI Industrial     COLAS LIMITED (1) 10 years form 22/07/2008 (4) £4,290 (21/07/2018)
Unit C1 Office
499.40 sq m
(5,375 sq ft)
COLAS LIMITED (1) Approx 5 years from 20/12/2013 £11,000 (21/07/2018)
Unit A1 Office
267.90 sq m
(2,884 sq ft)
COLAS LIMITED (1) 10 years from 22/07/2008 (4) £11,310 (21/07/2018)
Unit A2 Office
284.50 sq m
(3,063 sq ft)
COLAS LIMITED (1) 10 years from 22/07/2008 (5) £14,500 (21/07/2018)
Unit C3 Office
139.50 sq m
(1,502 sq ft)
COLAS LIMITED (1) Approx 6 years from 09/02/2012 (4) £5,460 (21/07/2018)
Unit H & N Office
1,004.00 sq m
(10,807 sq ft)
COLAS LIMITED (1) 10 years from 22/07/2008 (4) £24,960 (21/07/2018)
Unit K Office
178.40 sq m
(1,920 sq ft)
DAWSONRENTALS VANS LIMITED (guaranteed by Dawson Group plc) (6) Approx 5 years from 15/04/2013 (7) £33,000 15/04/2016, 15/04/2017 (8)
(14/05/2018)
Part B,
Compound 4
Industrial
1,036.12 sq m
(11,153 sq ft)
MARSHALLS MONO LIMITED (9) Approx 7 years from 21/01/2014 £3,846.50 19/08/2017
(18/08/2021)
Compound 5 Industrial
1,707.98 sq m
(18,385 sq ft)
MARSHALLS MONO LIMITED (9) 12 years from 19/08/2009 (10) £17,500 (18/08/2021)
Part A,
Compound 4
Industrial
1,036.12 sq m
(11,153 sq ft)
MORTAR DIRECT LIMITED (11) 3 years from 21/02/2014 £8,000 (20/02/2017)
Compounds
1, 2, 6 & 7
Industrial
10,086.03 sq m
(108,568 sq ft)
VACANT POSSESSION      
Units B, C2, D, E, F & G Office
2,091.47 sq m
(22,513 sq ft)
VACANT POSSESSION      
Training Rooms Office
175.67 sq m
(1,891 sq ft)
VACANT POSSESSION      
Porta Cabin Site Site     COLAS LIMITED (1) 5 years from completion (12) £5,000 (2020)
Land (Telecoms)       HUTCHISON35 UK LIMITED& T-MOBILE (UK LIMITED) 20 years from 21/04/1997 £5,000 21/04/2002 & 5 yearly
Totals  
22,273.09 sq m
(239,752 sq ft)
    £170,206.50  

1) For the year ending 31st December 2013, Colas Limited reported a turnover of £279,594,000, pre-tax profits of £9,271,000 and a total net worth of £34,038,000. (Source: www.riskdisk.com 10/06/2015)
(2) The lease provides for a rolling mutual option to determine upon 12 months notice.
(3) Mutual break clause on 3 months’ notice on 15/08/2015, 15/02/2016, 15/08/2016, 15/02/2017, 15/08/2017 and 15/02/2018.
(4)The lease provides for a rolling mutual option to determine upon 9 months notice.
(5) The lease provides for a rolling mutual option to determine upon 6 months notice.
(6) For the year ending 31st December 2013, Dawsonrentals Vans Limited reported a turnover of £13,947,000, pre-tax profits of £1,653,000 and a total net worth of £2,528,000. (Source: www.riskdisk.com 10/06/2015)
(7) The lease provides for a Landlord’s option to determine of 15th April 2016 upon 6 months notice.
(8) The rent rises by £1,000 per annum.
(9) For the year ending 31st December 2013, Marshalls Mono Limited reported a turnover of £296,864,000, pre-tax profits of £16,622,000 and a total net worth of £146,687,000. (Source: www.riskdisk.com 10/06/2015)
(10) The lease provides for a mutual option to determine on 19th August 2017 up to 6 months notice and a Landlord redevelopment break at any time on 6 months notice.
(11) Mortar Direct Limited have gone into liquidation and the lease is being disclaimed. A new lease is currently being negotiated. Please see the legal pack for further information.
(12) The lease is agreed and is due to be signed immediately. Mutual break clause at 6 months notice on 21/07/2016, 21/07/2017, 21/07/2018 and 21/07/2019.

Property Documents

  • Site Plan
    Updated Date
    16.06.15
    File Size
    119 KB
    View PDF
  • Catalogue Page
    Updated Date
    16.06.15
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Clyde & Co LLP The St Botolph Building, 138 Houndsditch
London
EC3A 7AR
Sara Bantges 020 7876 4232sara.bantges@clydeco.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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