Industrial/Residential Investment For Sale in Felling
Ensign House, Green Lane, Felling, Gateshead, NE10 0QH
0.59 Acres Enquire NowIndustrial/Residential Investment For Sale
Summary
- Fully Let Industrial/Residential Investment For Sale
- 4 Industrial Units/5 Flat Residential Block
- The property is held on a Freehold basis
- Full rental schedule available upon request. The current passing rent is £128,880 per annum
- Site Area: 0.59 Acres (0.239 ha)
- We are instructed to seek offers in the region of £1.2m (One Million and Two Hundred Thousand Pounds)
- Subject to contract
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.
Get directions from Google Maps
Mainline Stations
-
Heworth15 mins
-
Manors32 mins
-
Newcastle38 mins
-
Dunston55 mins
Underground Station
-
Chesham4407 mins
-
Amersham4449 mins
-
Broxbourne4461 mins
-
Chalfont and Latimer4464 mins
Further Information
Price Offers in the region of £1,200,000
Rates Payable Upon Enquiry
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.
Terms
We understand the property is owned freehold. Offers in the region of £1.2m which represents a net effective yield of 8.79% taking into account reasonable purchasers costs at 5.92%.
Downloads
Gallery
