Commercial property for sale in For Sale Freehold Investment - 120, Lobley Hill Road, Gateshead, Tyne And Wear NE8

£1,750,000 (£77.59/sq. ft)
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Commercial property for sale

22,555 sq. ft*

Property features

  • A rare opportunity to acquire a secure, single let industrial / distribution investment.
  • Prominently situated with main road frontage onto Lobley Hill Road, within 0.5 miles of Team Valley, the region's premier industrial location.
  • Strategically located distribution investment with excellent road communications with the A1 within 0.75 miles.
  • Building extends to 22,555 sq ft on a large 1.92 acre site.
  • Freehold.
  • To be let on a 15 year term with no breaks at a rent of £135,000 per annum.
  • Secure covenant of aah Pharmaceuticals with a Creditsafe rating of 97/100 ('very low risk') with turnover for year end March 2023 of £3.3b.
  • Low site cover of 30%.

Property description

Freehold sale & leaseback Investment for sale. Warehouse with offices on a substantial prominent road frontage site of 1.92 acres. The site includes a fuelling station, wash bay and interceptor tank.
The property, on completion of the sale, will be let to aah Pharmaceuticals Ltd on a 15 year lease at a rent of £135,000 per annum, with 5 yearly, upward only rent reviews.
The property will be let on full repairing and insuring terms subject to a schedule of condition.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
HTA Real Estate, NE1 on +44 191 244 9148 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by HTA Real Estate, and do not constitute property particulars. Please contact HTA Real Estate for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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