UNDER OFFER - Turntide Unit, Nissan Way, Washington, North East, SR5 3NY
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REF NUMBER: 115032
UNDER OFFER - Turntide Unit, Nissan Way, Washington, North East, SR5 3NY
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Agent's Details
Jamie Sim
T: 07940 951 776
Simon Beanland
T: 07885 459270
21,512 SqFt
(1,999 SqM)
For Sale £1,735,000 Offers in excess of
UNDER OFFER - PRIME REVERSIONARY INDUSTRIAL INVESTMENT
Prime modern single let industrial unit in the prime industrial location for the North East of England.
Highly accessible unit with excellent links to the A19, A1231 and A1(M).
Adjacent to the 3.89 million sq ft Nissan Plant and with further significant industrial development taking place at the nearby Hillthorn Business Park and International Advanced Manufacturing Park.
EPC rating of B-29.
Freehold.
Let to Hyperdrive Innovation Ltd on a 10 year term expiring April 2029.
Landlord recently agreed a deed of variation which moved the April 2024 break option to April 2027. The 2024 rent review was agreed at a low level reflecting £6.00 per sq ft and therefore offers excellent reversionary prospects.
We are instructed to seek offers in excess of £1,735,000 (One Million Seven Hundred and Thirty Five Thousand Pounds) reflecting a Net Initial Yield of 7.00% after standard purchaser costs of 6.20%.
UNDER OFFER - Turntide Unit, Nissan Way, Washington, North East, SR5 3NY
Share to Social
Agent's Details
Jamie Sim
T: 07940 951 776
Simon Beanland
T: 07885 459270
Location
Closest Airport
The nearest aiport is Grand Hotel Gosforth Park Newcastle. It is located 18.02 miles away and is approximately 27 minutes driving time.
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Closest Station
The nearest station is East Boldon. It is located 5.03 miles away and is approximately 150 minutes walking time.
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