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Investment Highlights

  • Significant industrial facility in a prime location
  • Modern warehouse with minimum eaves of 9.7m
  • Older factory unit with minimum eaves of 5.9m and 7.8m

Executive Summary

The property comprises a detached industrial facility arranged in two sections. The original building (Bay 3-6) dates to the 1960’s and is of portal frame construction with brick infill and steel and cement cladding to parts of the elevations. The roof has multiple pitches and is covered with profiled metal sheet cladding containing glazing along the full length. There are four, open plan bays, within minimum eaves heights ranging from 5.9m to 7.8m. There are two roller shutter door allowing vehicle access to the west elevation. In addition to the bays are ancillary areas such as workshops, offices and WCs.
Connected to Bay 3-6 is a more modern warehouse (Bay 7), built around 1998.
This unit is of portal frame construction with brick and block infill to the lower elevations and insulated profiled steel cladding above. The roof is pitched and has an insulated profiled steel cladding cover incorporating translucent rooflights. The minimum eaves height is approx.9.7m. There is an up and over door to the rear of the unit leading to a fenced yard which has a canopy coverage to part.
To the front of the building is a two-storey office block with accommodation which is finished to a reasonable modern standard.
Externally there is a car park with a tarmacadam surface and allocation for approximately 105 cars.

Property Facts

Price £1,950,000
Price per sq ft £20.44
Sale Type Owner Occupier
Tenure Long Leasehold
Property Type Industrial
Costar Property Class B
Total Plot Size 19.65 ac
Net Internal Area (NIA) 95,421 sq ft
No. Floors 1
Year Built 1998
Parking Allocation 1.19/1,000 sq ft
  • Listing ID: 31202545

  • Date on Market: 13/03/2024

  • Last Updated:

  • Address: Kingsway, Gateshead NE11 0SU

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