Helmsman House Norham Road North North Shields Tyne and Wear NE29 8RZ

Helmsman House
Norham Road North
North Shields
Tyne and Wear
NE29 8RZ

Freehold Industrial/Office Investment

  • 24 industrial/office units totalling approximately 5,224.25 sq m (56,235 sq ft)
  • Site area of approximately 0.84 hectares (2.08 acres)
  • Established industrial location with residential properties close by
  • The Silverlink Shopping Centre is located close by
  • Future potential redevelopment (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    80
  • Auction
    7th July 2016
  • Rent
    £81,761 per Annum
  • Status
    Sold Prior
  • Price
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On Behalf of Hansteen
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Industrial/Office Investment

  • 24 industrial/office units totalling approximately 5,224.25 sq m (56,235 sq ft)
  • Site area of approximately 0.84 hectares (2.08 acres)
  • Established industrial location with residential properties close by
  • The Silverlink Shopping Centre is located close by
  • Future potential redevelopment (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 80
  • Auction 7th July 2016
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On Behalf of Hansteen

Property Information

Location
Miles
7 miles north-east of Newcastle City Centre, 1 mile east of A19 Trunk Road
Roads
A1058, A19, A194(M), A1(M)
Rail
North Shields Metro Station
Air
Newcastle Airport
Situation

The property is well situated on the established Chirton Industrial Estate on the
west side of Northam Road North a short distance form A1058 which is a major
route into Newcastle City Centre and a mile from A19 trunk road linking A1 to
the north with Sunderland to the south. The Silverlink Shopping Centre is a
short distance to the south. The estate also lies adjacent to a large residential
area.

Tenure

Freehold.

Location
Miles
7 miles north-east of Newcastle City Centre, 1 mile east of A19 Trunk Road
Roads
A1058, A19, A194(M), A1(M)
Rail
North Shields Metro Station
Air
Newcastle Airport
Situation

The property is well situated on the established Chirton Industrial Estate on the
west side of Northam Road North a short distance form A1058 which is a major
route into Newcastle City Centre and a mile from A19 trunk road linking A1 to
the north with Sunderland to the south. The Silverlink Shopping Centre is a
short distance to the south. The estate also lies adjacent to a large residential
area.

Tenure

Freehold.

Description

The property comprises a warehouse with intergral two storey office building to
the front that has been split into 20 industrial and office units. In addition,
there is a terrace of four additional industrial units to the side. The site has an
area of approximately 0.84 hectares (2.08 acres).

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register
their details with the auctioneers and provide identification on site. Please
contact Will Moore Email: will.moore@acuitus.co.uk

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a warehouse with intergral two storey office building to
the front that has been split into 20 industrial and office units. In addition,
there is a terrace of four additional industrial units to the side. The site has an
area of approximately 0.84 hectares (2.08 acres).

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register
their details with the auctioneers and provide identification on site. Please
contact Will Moore Email: will.moore@acuitus.co.uk

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Location Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Unit 1 Ground Industrial
558.05 sq m
(6,007 sq ft)
SUN LOUNGE
SUPPLIES LTD
4 years from 01/01/2015 £9,058 31/12/2018
Unit 2 Ground Industrial
437.00 sq m
(4,704 sq ft)
WE STORE.UK.COM
LTD
4 years from 01/01/2015 £7,094 31/12/2018
Unit 3 Ground Industrial
74.32 sq m
(800 sq ft)
INDIVIDUAL 1 year from 01/04/2005 £2,465 Holding Over
Unit 4 Ground Industrial
56.76 sq m
(611 sq ft)
PERFORMANCE
MOTORSPORT LTD
3 years from 01/10/2012 £2,500 Holding Over
Unit 5 Ground Industrial
48.40 sq m
(521 sq ft)
INDIVIDUAL 3 years from 01/03/2016 £2,350 (1) 28/02/2019
Unit 6 Ground Industrial
53.42 sq m
(575 sq ft)
BH STORAGE LTD 5 years from 11/03/2016 £2,500 (2) 10/03/2021
Units 7 & 16 Ground Industrial
657.83 sq m
(7,081 sq ft)
INDIVIDUAL 3 years from 01/09/2014 £7,581 31/08/2017
Unit 8 Ground Industrial
184.78 sq m
(1,989 sq ft)
CONFICARE
WHOLESALE (NE) LTD
3 years from 09/06/2014 £3,000 08/06/2017
Unit 9 Ground Industrial
382.66 sq m
(4,119 sq ft)
INDIVIDUAL 3 years from 14/12/2015 (3) £5,000 13/12/2018
Unit 12 Ground Industrial
55.74 sq m
(600 sq ft)
INDIVIDUAL 3 years from 01/07/2014 £1,500 30/06/2017
Unit 13 Ground Industrial
53.14 sq m
(572 sq ft)
VACANT      
Unit 14 Ground Industrial
55.74 sq m
(600 sq ft)
INDIVIDUAL 3 years from 01/07/2013 £1,500 30/06/2016
Unit 15 Ground Industrial
111.48 sq m
(1,200 sq ft)
PREMIER PAVING
(NE) LTD
3 years from 19/07/2012 £3,000 Holding Over
Unit 17 Ground Industrial
492.56 sq m
(5,302 sq ft)
MEMDES PRODUCTS
LTD
3 years from 23/05/2014 £7,000 22/05/2017
Unit 18 Ground Industrial
514.58 sq m
(5,539 sq ft)
DUNBAR PLASTERING
COMPANY LTD
3 years from 01/10/2013 £6,000 30/09/2016
Unit 19 Ground Industrial
515.97 sq m
(5,554 sq ft)
INDIVIDUAL 3 years from 16/05/2011 £5,555 Holding Over
Unit 20 Ground Industrial
636.55 sq m
(6,852 sq ft)
QUAY JOINERY LTD 3 years from 01/05/2014 £7,350 30/04/2017
Unit F1 First Office/Industrial
80.54 sq m
(867 sq ft)
VACANT      
Unit F2 First Office/Industrial
63.08 sq m
(679 sq ft)
VACANT      
Unit G1/G10/11 Ground Industrial
168.24 sq m
(1,811 sq ft)
IGNITE PLUMBING &
HEATING SUPL
5 years from 06/07/2015 £7,300 05/07/2020
Unit G2 Ground Industrial
23.41 sq m
(252 sq ft)
WE SHIFT.CO.UK LTD 4 years from 01/01/2015 £1,008 31/12/2018
Totals    
5,224.25 sq m
(56,235 sq ft)
    £81,761

(1) The tenant is currently benefitting from half rent due to expire on 31st August 2016. The seller has agreed to adjust the completion monies so that the unit will produce £2,350 from completion of the sale.
(2) The tenant is currently benefitting from half rent due to expire on 10th December 2016. The seller has agreed to adjust the completion monies so that the unit will produce £2,500 from completion of the sale.
(3) The lease provides for tenant options to determine on 14th December 2016 and 14th December 2017.

Property Documents

  • Site Plan
    Updated Date
    13.11.19
    File Size
    63 KB
    View PDF
  • Catalogue Page
    Updated Date
    13.11.19
    File Size
    1 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
Womble Bond Dickinson LLP St Ann's Wharf, 112 Quayside
Newcastle Upon Tyne
NE1 3DX
Liz Evans 0191 279 9791liz.evans@bonddickinson.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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