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
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.
Contacts
Seller's Solicitors
Womble Bond Dickinson LLP St Ann's Wharf, 112 Quayside Newcastle Upon Tyne NE1 3DX
