Property photos
£1,750,000
(£77.59/sq. ft)
Property for sale
For Sale Freehold Investment - 120, Lobley Hill Road, Gateshead, Tyne And Wear NE822,555 sq. ft
Local area information
Property location
Nearby amenities
- Eslington Primary School (SEN) 0.3 miles
- St Aidan's Church of England Primary School 0.4 miles
- Dunston 0.7 miles
- Newcastle 1.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- A rare opportunity to acquire a secure, single let industrial / distribution investment.
- Prominently situated with main road frontage onto Lobley Hill Road, within 0.5 miles of Team Valley, the region's premier industrial location.
- Strategically located distribution investment with excellent road communications with the A1 within 0.75 miles.
- Building extends to 22,555 sq ft on a large 1.92 acre site.
- Freehold.
- To be let on a 15 year term with no breaks at a rent of £135,000 per annum.
- Secure covenant of aah Pharmaceuticals with a Creditsafe rating of 97/100 ('very low risk') with turnover for year end March 2023 of £3.3b.
- Low site cover of 30%.
Freehold sale & leaseback Investment for sale. Warehouse with offices on a substantial prominent road frontage site of 1.92 acres. The site includes a fuelling station, wash bay and interceptor tank.
The property, on completion of the sale, will be let to aah Pharmaceuticals Ltd on a 15 year lease at a rent of £135,000 per annum, with 5 yearly, upward only rent reviews.
The property will be let on full repairing and insuring terms subject to a schedule of condition.
The property, on completion of the sale, will be let to aah Pharmaceuticals Ltd on a 15 year lease at a rent of £135,000 per annum, with 5 yearly, upward only rent reviews.
The property will be let on full repairing and insuring terms subject to a schedule of condition.
More information
Listed by
HTA Real Estate
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