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Investment Highlights
- Gateshead is located on the southern bank of the River Tyne, some 1 mile south of Newcastle city centre
- Prominent position fronting Kingsway South close to Primula, Zentia & Gateshead College as well as Team Valley Retail Park
- Let to Smiths News Trading Limited until 2030
Executive Summary
Lot 33 is available for sale at an Allsop online auction to be held on Wednesday 10th of June 2026.
The property comprises an investment opportunity for sale.
The asking price is £1,500,000 - £1,600,000, representing a gross initial yield of 8.77%.
The property comprises an investment opportunity for sale.
The asking price is £1,500,000 - £1,600,000, representing a gross initial yield of 8.77%.
Property Facts
| Price | £1,500,000 | Total Plot Size | 4.76 ac |
| Price per sq ft | £84.38 | Net Internal Area (NIA) | 17,777 sq ft |
| Sale Type | Investment | No. Floors | 23 |
| Sale Condition | Auction Sale | Year Built | 1982 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Allocation | 0.88/1,000 sq ft |
| Property Subtype | Warehouse | Eaves Height | 18 ft 7 in (5.66 m) |
| Costar Property Class | B | No. Drive In / Grade-Level Doors | 10 |
| Price | £1,500,000 |
| Price per sq ft | £84.38 |
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 4.76 ac |
| Net Internal Area (NIA) | 17,777 sq ft |
| No. Floors | 23 |
| Year Built | 1982 |
| Tenancy | Single |
| Parking Allocation | 0.88/1,000 sq ft |
| Eaves Height | 18 ft 7 in (5.66 m) |
| No. Drive In / Grade-Level Doors | 10 |
Amenities
- Security System
- Yard
- Roller Shutters
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- Smiths News Trading Limited
- Retailer
- 17,777 sq ft
- -
- Mar 2030
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| Smiths News Trading Limited | Retailer | 17,777 sq ft | - | Mar 2030 |
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