Green Lane, Ashington, Northumberland, NE63 0EF
23 workshop units and 10 small self-contained offices.
Reversionary income.
Most tenants holding over, providing significant asset management opportunities.
16,777 sq. ft of floorspace.
Gross rental income £93,306.29 pa.
£69.14 psf capital value.
Chris Donabie
Interested in this property?
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Fergus Laird
Interested in this property?
Please contact me
Location
The estate is located within a mixed commercial and residential area of Ashington. Ashington is a busy Northumberland town located 17 miles north east of Newcastle upon Tyne, with access principally via the dualled A189 Spine Road.
Description
The development comprises two terraces of multi-let industrial units each with full height roller shutter doors.
To the front of the scheme there is a block of multi-let offices providing individual suites let on flexible terms.
Terms
Freehold subject to the occupational tenancies. The offices are let on an 'all inclusive' basis with no other recourse to tenants for landlords outgoings.
The workshop units are drawn on effectively fully repairing and insuring terms by way of a maintenance rent and as detailed within the schedule.
