Mandale Park NE15, Lemington Road, Newcastle Upon Tyne NE15 8SX
Download the Sales Brochure Make an enquiry
£6,050,000
Feb 2024
A rare opportunity to acquire a multi-let industrial estate located in Lemington, Newcastle upon Tyne.
The property comprises a refurbished multi-let industrial estate spanning fifteen units totalling 40,821 sq ft.
The tenant mix is varied and focussed on clean, trade-orientated use.
The salient rental tone of £10 per sq ft is well-established.
All leases benefit from rent reviews to the higher of OMR or uncapped RPI.
Excellent access to the A1(M), A69 and Newcastle city centre.
Freehold.
Offers sought in the region of £6,050,000 (Six Million and Fifty Thousand pounds) which equates to a net initial yield of 6.52% after purchaser’s costs of 6.63%.
