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Tyne Mills Industrial Estate 1-5 Tyne Mills 6,360 sq ft 100% Let Light Industrial Property Hexham NE46 1XL £500,000 (£78.62/sq ft) 7.61% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Popular location
- Tyne Mills Industrial Estate is strategically located in Hexham,
- Just outside of Hexham town centre
EXECUTIVE SUMMARY
£500.000 sale at the asking price equates to a gross initial yield of 7.61%. Based on a projected rent of £7.50 per sq ft per annum, a sale at the asking price would equate to a reversionary yield of around 9.5% gross.
PROPERTY FACTS Sale Pending
| Price | £500,000 | Costar Property Class | C |
| Price per sq ft | £78.62 | Total Plot Size | 0.16 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 6,360 sq ft |
| Yield | 7.61% | No. Floors | 1 |
| Tenure | Freehold | Year Built | 1976 |
| Property Type | Light Industrial | Parking Allocation | 2.99/1,000 sq ft |
| Property Subtype | Light Distribution |
| Price | £500,000 |
| Price per sq ft | £78.62 |
| Sale Type | Investment |
| Yield | 7.61% |
| Tenure | Freehold |
| Property Type | Light Industrial |
| Property Subtype | Light Distribution |
| Costar Property Class | C |
| Total Plot Size | 0.16 ac |
| Net Internal Area (NIA) | 6,360 sq ft |
| No. Floors | 1 |
| Year Built | 1976 |
| Parking Allocation | 2.99/1,000 sq ft |
AMENITIES
- 24 Hour Access
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Tyne Mills Industrial Estate | 1-5 Tyne Mills
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