Commercial Property For Sale
Investments
Industrial Investment Opportunity
Gateshead
£1,500,000 (Freehold)
REF: NE2193
Location
Gateshead is located approximately 290 miles north of London and circa 125 miles south of Edinburgh. The area benefits from excellent road communications, being immediately adjacent to the A1(M) and at the hub of the North East road network. This section of the A1 has recently undergone a £60 million improvement project which has added an extra lane in both directions.
The boroughs of Gateshead, Newcastle, Sunderland North Tyneside and South Tyneside form the conurbation of Tyne & Wear which has a population of over 1.3 million people, putting it in the top 10 for the UK. Gateshead has a metropolitan borough population of circa 200,000.
Rail transport is also excellent, with Newcastle station being less than a 10 minute drive away and offering direct services between Edinburgh Waverley and London Kings Cross. In fact, the East Coast Main Line runs directly past the Trading Estate.
Newcastle International Airport is just over 10 miles from Gateshead and provides daily flights to the main domestic and major European cities plus Dubai, which opens the region up to the Far East
This small industrial estate investment comprises a block of three semi-detached units plus a separate detached garage unit. Title number is TY110196 with land to the front and rear which includes parking.
Units 1 & 2 are at the rear of the block and are occupied by Northern Floorcraft (Gateshead) Limited with Unit 1 being used for storage and contract work whilst Unit 2 has been converted into a modern showroom and office centre. There is a secure private car park for both staff and customers.
Unit 3 is occupied by TRN (Train) Limited and is a pre-employment skills academy for the construction industry. The unit has been partitioned offering a blend of classroom space and practical training areas. The site is highly visible with extensive frontage onto Bensham Ban
Unit 4 is a detached building which is tenanted by Gateshead Garage Limited who carry out traditional car mechanical repairs together with tyre fitting services. This unit also has roadside frontage and there is parking to the front and sides.
Occupational Leases
Tenancy schedule on next page.
Current Commercial Elements:
Units 1 & 2 Let under a single 10 year lease from 1st September 2018 and the current rent is £75,000 per annum. The usable floor area extends to circa 17,500 sq.ft. (1,625 sq.m.).
This tenant has occupied at least one of these two units since June 1973.
Unit 3 Let under a 10 year lease from 5th January 2024 and the current rent is £39,000 per annum. The usable floor area extends to 7,700 sq.ft. (715 sq.m.). Part of the roof has been replaced and is guaranteed until November 2038.
The same business has been in occupation since September 2007, albeit trading under a variety of names.
Unit 4 Let under a 12 year lease from 25th November 2021 and the current rent is £20,000 per annum. The usable floor area, including an office and mezzanine level, extends to circa 3,250 sq.ft. (300 sq.m.).
There is an underlease in place expiring 24th November 2026 to S. Fordsham for the use of “tyre storage and fitting”. The underlease is contracted out.
VAT
The property is not elected for VAT.
Rateable Values
Unit 1 & 2 Bensham RV £34,000 (2026 list).
Unit 3 Bensham RV £37,500 & £9,900 (2026 list).
Unit 4 Bensham RV £16,000 & £9,400 (2026 list).
Asking Price
Offers in excess of £1,500,000 are sought for the freehold interest
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