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Element Master Shields Rd

96,647 SF Flex Building Newcastle Upon Tyne NE6 2YP $1,014,045 ($10/SF) 13.51% Cap Rate

Flex Space Tyne And Wear Newcastle Upon Tyne Shields Rd, Newcastle Upon Tyne, TWR NE6 2YP

Investment Highlights

  • The property is located approximately 2 miles east of Newcastle City Centre
  • Newcastle Shopping Park is 0.5 miles to the west, with occupiers including; B&M, ASDA, Argos, M&S, TK Maxx and Iceland
  • Excellent road, rail and air connections with Newcastle Central Station serving the East Coast Mainline

Executive Summary

Well located mixed-use asset providing; high bay industrial/workshop accommodation and separate office space.
Passing rent £133,259 per annum. Offering excellent reversion, with ERV of £202,635 per annum
Held long leasehold expiring 21 March 2046 at a rent of £1,245 per annum. There are 22.15 years unexpired. The freeholder is Rolls Royce Engineering PLC.

Attachments

Sheilds Road

Property Facts Under Contract

Price $1,014,045 Building Class B
Price Per SF $10 Lot Size 10.32 AC
Sale Type Investment Rentable Building Area 96,647 SF
Cap Rate 13.51% No. Stories 2
Tenure Long Leasehold Year Built 1960
Property Type Flex Tenancy Single
Property Subtype Light Manufacturing No. Drive In / Grade-Level Doors 3
Price $1,014,045
Price Per SF $10
Sale Type Investment
Cap Rate 13.51%
Tenure Long Leasehold
Property Type Flex
Property Subtype Light Manufacturing
Building Class B
Lot Size 10.32 AC
Rentable Building Area 96,647 SF
No. Stories 2
Year Built 1960
Tenancy Single
No. Drive In / Grade-Level Doors 3

Amenities

  • Fenced Lot
  • Security System
  • Automatic Blinds
  • Storage Space
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+44 191 269 0062

Contact

  • Listing ID: 31247786

  • Date on Market: 3/18/2024

  • Last Updated:

  • Address: Shields Rd, Newcastle Upon Tyne NE6 2YP

The Flex Property at Shields Rd, Newcastle Upon Tyne, NE6 2YP is currently available for sale. Contact Avison Young for more information.

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Element Master | Shields Rd
+44 191 269 0062 x

Element Master | Shields Rd

Jamie Sim

+44 191 269 0062

+44 191 269 0062

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