33 Bellingham Drive, North Tyne Industrial Estate, Whitley Road, Newcastle, NE12 9SZ

Offers Over £1,550,000

For viewings or for more information

Contact Andrew Chandler

Strictly by appointment only.

Call: +44 (0)191 229 9714

Email: andrew.chandler@dunlopheywood.com

  

The property is located around four miles to the north east of Newcastle city centre at the North Tyne Industrial Estate, which is accessed via the A191.  The building is situated centrally and towards the rear of the estate with access via Bellingham Drive.

The property is located around four miles to the north east of Newcastle city centre at the North Tyne Industrial Estate, which is accessed via the A191.  The building is situated centrally and towards the rear of the estate with access via Bellingham Drive.

The property is well positioned for access to the region’s road network with the Coast Road (A1058), 0.75 miles to the south and the A19, 0.5 miles to the east.  Palmersville Metro Station is a five minute walk to the north-east, offering access to Newcastle City Centre and the wider Tyneside conurbation.

The property dates from the 1990s and comprises a central building flanked by two more recently added high bay warehouses.  The original building is of steel portal frame construction with block infill walls with brick outer leaf and cladding to upper elevations.  There is extensive fenestration to the south east and north east elevations and the building has a pitched and insulated composite panel clad roof with solar panels and inset translucent panels.

The two more recently added high bay warehouse buildings likely date from the early 2000s and are connected to the central building with clear working heights of 14.18m and 10.51m respectively.

The central building comprises a combination of workshop and office accommodation with associated reception, kitchen facilities, WC and stores.  Internally, the property is finished to a reasonable standard.

  • attractive building
  • Current use as business centre
  • available with vacant possession
  • accessible location
  • large site

The property is currently used as a business centre t/a The Place 2 with an occupancy level of around 90% and gross income of £243,000 per annum.  Whilst the property will be sold with vacant possession, a prospective purchaser may wish to arrange new occupational agreements with existing occupiers between exchange and completion should the continued use as a business centre be planned.

TENURE

The property is held on a 125 year ground lease commencing in 1991 at a peppercorn rent, if demanded.

The long leasehold interest is offered for sale with vacant possession.

PRICE

We are instructed to seek offers over £1.55m for the long leasehold interest.

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