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1 Kings Ct 17,777 sq ft Industrial Property
ABOUT 1 KINGS CT , GATESHEAD , TWR NE11 0JS
| Price | Not Individually For Sale | Costar Property Class | B |
| Property Size | 17,777 sq ft | Total Plot Size | 4.76 ac |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Allocation | 0.88/1,000 sq ft |
| Price | Not Individually For Sale |
| Property Size | 17,777 sq ft |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 4.76 ac |
| Tenancy | Single |
| Parking Allocation | 0.88/1,000 sq ft |
EXECUTIVE SUMMARY
The property comprises an industrial building of steel portal frame construction with brick/block walls with profiled cladding above and a pitched profile clad roof incorporating translucent panels.
The property is located on Kings Court, situated on Kingsway South which forms the main thoroughfare through the estate. Team Valley Trading Estate is recognised as the north east’s premier industrial location incorporating in excess of 6,500,000 sq ft of industrial, office and retail accommodation and home to over 700 businesses.
The property is let in its entirety to Smiths News Trading Limited for 10 years from 1st April 2020. There is a tenant only break at the end of the 5th year of the term. The rent is £99,150pa reflecting just £5.57 per sq ft (£60.03 per sq m).
The property is located on Kings Court, situated on Kingsway South which forms the main thoroughfare through the estate. Team Valley Trading Estate is recognised as the north east’s premier industrial location incorporating in excess of 6,500,000 sq ft of industrial, office and retail accommodation and home to over 700 businesses.
The property is let in its entirety to Smiths News Trading Limited for 10 years from 1st April 2020. There is a tenant only break at the end of the 5th year of the term. The rent is £99,150pa reflecting just £5.57 per sq ft (£60.03 per sq m).
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