Bleinheim Place, Dunston Gateshead Tyne & Wear NE11 9HF

Bleinheim Place, Dunston
Gateshead
Tyne & Wear
NE11 9HF

Freehold Modern Industrial / Trade Counter investment

Let to Stepgrades Motor Accessories Limited, trading as Viking International
Established industrial location close to the A1(M)
Excellent communication links north and south
Six Week Completion Period Available

Lot
31
Auction
8th December 2011
Rent
£55,835 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Modern Industrial / Trade Counter investment

Let to Stepgrades Motor Accessories Limited, trading as Viking International
Established industrial location close to the A1(M)
Excellent communication links north and south
Six Week Completion Period Available

Lot 31
Auction 8th December 2011
Rent £55,835 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Industrial, Warehouse
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 1 mile south of Newcastle upon Tyne, 10 miles south-west of Tynemouth, 11 miles north-west of Sunderland
Roads: A1(M), A184, A69
Rail: Dunston Station
Air: Newcastle International Airport

Situation

The Dunston Industrial Estate is situated three miles from the A1(M), between the Team Valley Industrial Estate and the Metro Centre, in a major and established industrial location. The property connects with Halifax Road, the main thoroughfare through the Dunston Industrial Estate. Occupiers nearby include Laidlaw, Sinemaster and Stephenson Cook.

Tenure

Freehold.

Location

Miles: 1 mile south of Newcastle upon Tyne, 10 miles south-west of Tynemouth, 11 miles north-west of Sunderland
Roads: A1(M), A184, A69
Rail: Dunston Station
Air: Newcastle International Airport

Situation

Tenure

Freehold.

Description

The property comprises a modern ground floor industrial trade counter unit of steel frame construction. The unit benefits from a large yard area fronting the property which in turn gives access to four dock levelling doors, two of which are accessed by a concrete ramp. The site area is approximately 0.58 hectares (1.45 acres) and a site coverage of some 24

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Warehouse	1,209.88 sq m	(13,023 sq ft)	STEPGRADES MOTOR ACCESSORIES LIMITED (t/a Viking International) (1)	12 years from 25/03/2003 on a fully repairing and insuring lease	£55,835	25/03/2013
Ancillary	180.96 sq m	(1,948 sq ft)				`
Totals	1,390.84 sq m	(14,971 sq ft)			£55,835

(1) For the year ending 31st October 2010, Stepgrades Motor Accessories Limited reported a turnover of £66,173,000, a pre-tax profit of £106,000 and a total net worth of £10,877,000.