Units 1 and 2 Halifax Road Dunston Industrial Estate Dunston Gateshead NE11 9JW

Units 1 and 2 Halifax Road
Dunston Industrial Estate
Dunston
Gateshead
NE11 9JW

Freehold Industrial Investment

Let to The Caravan Clinic Ltd and Penny Print Ltd
Established Industrial Estate
Close to the A1 and the 340+ unit Metrocentre
Six Week Completion

Lot
31
Auction
27th March 2014
Rent
£28,000 per Annum Exclusive
Status
Sold
Price
£280,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Bank

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Freehold Industrial Investment

Let to The Caravan Clinic Ltd and Penny Print Ltd
Established Industrial Estate
Close to the A1 and the 340+ unit Metrocentre
Six Week Completion

Lot 31
Auction 27th March 2014
Rent £28,000 per Annum Exclusive
Status Sold
Price £280,000
Sector
Industrial, Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Bank

Property Information

Location

Miles: 4 miles south-west of Newcastle upon Tyne; 4 miles west of Gateshead City Centre; 17 miles north of Durham; 59 miles east of Carlisle
Roads: A1, A184, A694, A167(M)
Rail: Metrocentre Railway Station, Dunston Railway Station
Air: Newcastle Airport (6.3 miles), Durham Tees Valley Airport (32 miles)

Situation

Dunston is located 4 miles west of Gateshead City Centre, on the south bank of the River Tyne. The property is located on the corner of Halifax Place and Halifax Road, with easy access to the A1.
The location benefits from being situated approximately ½ mile east of the major 340+ unit Metrocentre, Europe’s largest shopping and leisure centre.

Tenure

Freehold.

Location

Miles: 4 miles south-west of Newcastle upon Tyne; 4 miles west of Gateshead City Centre; 17 miles north of Durham; 59 miles east of Carlisle
Roads: A1, A184, A694, A167(M)
Rail: Metrocentre Railway Station, Dunston Railway Station
Air: Newcastle Airport (6.3 miles), Durham Tees Valley Airport (32 miles)

Situation

Tenure

Freehold.

Description

The property comprises two industrial units both benefiting from a vehicle access loading door and an eaves height of approximately 4 m (13 ft). Unit 2 also benefits from a secure yard.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two industrial units both benefiting from a vehicle access loading door and an eaves height of approximately 4 m (13 ft). Unit 2 also benefits from a secure yard.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
1	Ground	Industrial	306.49 sq m	(3,299 sq ft)	PENNY PRINT LIMITED (1)	5 years from 01/01/2013	£15,000	2018
2	Ground	Industrial	288.19 sq m	(3,102 sq ft)	THE CARAVAN CLINIC LIMITED (2)	12 years from 01/06/2006	£13,000	2018
	Totals		594.68 sq m	(6,401 sq ft)			£28,000

(1) Penny Print Limited was incorporated in June 2009.
(2)The Caravan Clinic Limited was incorporated in April 1996 and for the year ending 31/03/2013 reported a total net worth of £20,027. (Source: www.riskdisk.com 26/02/2014)