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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%.

Property Facts

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
  • Listing ID: 40443735

  • Date on Market: 07/05/2026

  • Last Updated:

  • Address: 1 Kings Ct, Gateshead NE11 0JS

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