Property photos
Freehold
Offers in region of
£895,000
(£34.82/sq. ft)
Industrial for sale
Industrial/Residential Investment For Sale In Felling, Ensign House, Green Lane, Felling, Gateshead NE1025,700 sq. ft
Local area information
Property location
Nearby amenities
- Brandling Primary School 0.3 miles
- St Wilfrid's Roman Catholic Voluntary Aided Primary School 0.4 miles
- Heworth 0.8 miles
- Manors 1.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Fully Let Industrial/Residential Investment For Sale
- 4 Industrial Units/5 Flat Residential Block
- The property is held on a Freehold basis
- Asking Price: £895,000
- Full rental schedule available upon request. The current passing rent is £95,280 per annum
- Site Area: 0.59 Acres (0.239 ha)
- Subject to Contract
Description
The site comprises a small industrial estate with four workshop units and a residential block to the front of the site which comprises 2 x 2 bed, 2 x 1 bed and 1 x 3 bed flats. The flats benefit from gas central heating, own kitchen and WC facilities. The workshops are of steel portal frame construction with roller shutter vehicular access. The site extends to 0.59 acres (0.239 ha). Occupiers within the estate include Fat Hippo, Walton Autos and Tyres 4U. Access to the site is provided off Green Lane.
Location
The site is located in Felling which is a densely populated suburb of the Newcastle/Gateshead conurbation located approximately 5 miles south east of the City Centre. The area is served by the Tyne and Wear Metro and Gateshead Stadium is located within the vicinity.
Ensign House is situated on Green Lane which is adjacent to the popular Felling Industrial Estate. The estate is situated approximately 3 miles south east of Newcastle City Centre and 2 miles east of Gateshead Town Centre. The site benefits from excellent transport links lying adjacent to the A184 (Felling Bypass) which links to the A1(M) and A19. Felling Metro Station is also located approximately 1 mile to the south.
Terms
We understand the property is owned freehold. Offers in the region of £895,000 which represents a net initial yield of 10.08% taking into account reasonable purchasers costs at 5.63%.
The site comprises a small industrial estate with four workshop units and a residential block to the front of the site which comprises 2 x 2 bed, 2 x 1 bed and 1 x 3 bed flats. The flats benefit from gas central heating, own kitchen and WC facilities. The workshops are of steel portal frame construction with roller shutter vehicular access. The site extends to 0.59 acres (0.239 ha). Occupiers within the estate include Fat Hippo, Walton Autos and Tyres 4U. Access to the site is provided off Green Lane.
Location
The site is located in Felling which is a densely populated suburb of the Newcastle/Gateshead conurbation located approximately 5 miles south east of the City Centre. The area is served by the Tyne and Wear Metro and Gateshead Stadium is located within the vicinity.
Ensign House is situated on Green Lane which is adjacent to the popular Felling Industrial Estate. The estate is situated approximately 3 miles south east of Newcastle City Centre and 2 miles east of Gateshead Town Centre. The site benefits from excellent transport links lying adjacent to the A184 (Felling Bypass) which links to the A1(M) and A19. Felling Metro Station is also located approximately 1 mile to the south.
Terms
We understand the property is owned freehold. Offers in the region of £895,000 which represents a net initial yield of 10.08% taking into account reasonable purchasers costs at 5.63%.
More information
Listed by
Sanderson Weatherall
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