Smiths News , Kingsway South, Team Valley Trading Estate, Gateshead , Tyne & Wear, NE11
Key Features
- Rare opportunity to acquire a securely let, prime industrial investment
- Located on the North East's premier industrial estate
- Mission critical location for the tenant
- Let to a secure tenant with 4.05 years unexpired on the lease
- Tenant, Smiths News, has a Creditsafe Rating of 100 / A offering excellent security to an investor
- Significant reversionary potential at lease expiry
- Rare 'cross docked' unit
- Tenant didn't serve their break option - showing their ongoing commitment to the building / location
- Low overall capital value - underpinned by vacant possession value
Description
The property comprises a prime, single let industrial investment securely let to Smiths News with c. 4.05 years unexpired on the lease at a rent of £131,550 per annum.
The asset is located on the regions premier industrial estate and comprises a modern detached steel portal frame warehouse and production facility together with integral two storey office accommodation. The property benefits from 10 electrically operated access doors providing cross loading as well as two yard areas on both the northern and southern elevations.
There was a tenant only break option at the end of the 5th year of the term which they didn't serve, showing their ongoing commitment to the location and building.
Offers are sought in excess of £1,650,000 (One Million, Six Hundred & Fifty Thousand Pounds) exclusive of VAT, reflecting a Net Initial Yield of 7.51% after allowing for purchaser's costs of 6.16%.
£1,650,000 reflects a reversionary yield of 8.62% and a low overall capital value of £92.82 per sq ft.
Map Location
Property details
- Tenure
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- Council Tax Band
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- Date Posted
- 2026-07-17
Utilities & Restrictions
Utilities
- Electricity
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- Water
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- Heating
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- Broadband
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- Sewerage
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Rights & Restrictions
- Public Rights of Way
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- Private Rights of Way
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- Listed Property
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- Restrictions
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Property Features
- Accessibility
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- Parking
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- Garden
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© LandSale | Version 1.2 - January 2026
Listing agent
HTA REAL ESTATE LIMITED, Newcastle
Suite A11 Dean Street Newcastle Upon Tyne NE1 1LE
Contact HTA REAL ESTATE LIMITED, Newcastle
Suite A11 Dean Street Newcastle Upon Tyne NE1 1LE
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