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- LoopNet Team
18 Portobello Way
Birtley DH3 2RY
Industrial Property For Sale
Investment Highlights
- Established industrial estate adjacent to A1(M) and A194(M)
- Let on a 10 year, Full Repairing & Insuring lease to Plumbase Ltd with 3 years unexpired
- This level reflects a Net Initial Yield of 7.5%, with a Reversionary Yield of 9.7% and a low Capital Value of £65 sq.ft.
- Rare opportunity to acquire a small freestanding unit within a secure compound
- Offers in the region of £220,000, subject to contract and exclusive of VAT
Property Facts
| Property Type | Industrial | No. Floors | 2 |
| Costar Property Class | C | Year Built | 1965 |
| Total Plot Size | 0.35 ac | Eaves Height | 12 ft (3.66 m) |
| Net Internal Area (NIA) | 3,389 sq ft |
| Property Type | Industrial |
| Costar Property Class | C |
| Total Plot Size | 0.35 ac |
| Net Internal Area (NIA) | 3,389 sq ft |
| No. Floors | 2 |
| Year Built | 1965 |
| Eaves Height | 12 ft (3.66 m) |
Amenities
- Roller Shutters
- Common Parts WC Facilities
Utilities
- Gas
- Water
- Sewer
- Heating
About 18 PORTOBELLO WAY , BIRTLEY, NBL DH3 2RY
The property is located on Portobello Road fronting the popular and well established Portobello Industrial Estate, Birtley. The estate sits adjacent to the A1(M) and A194(M) approximately 7 miles south of Newcastle upon Tyne, 5 miles south of Gateshead and 2 miles West of Washington. The unit comprises a small detached trade counter/warehouse unit of traditional steel portal frame construction with brickwork and insulated profile steel cladding to the external elevations under a double pitched roof of insulated steel sheeting with translucent rooflights. Internally it has concrete floors throughout and a clear height of 4m. It is divided into 3 distinct areas with a trade counter & showroom to the front; an office, WC/staff room and stores area to the centre and a warehouse with roller shutter loading access to the rear.
