Mayflower House Team Valley Trading Estate Fifth Avenue, Gateshead, Ne11 0Sd
MAYFLOWER HOUSE TEAM VALLEY TRADING ESTATE FIFTH AVENUE, GATESHEAD, NE11 0SD STRATEGICALLY LOCATED AND REFURBISHED MULTI LET OFFICE INVESTMENT INVESTMENT SUMMARY + Situated in one of Europe’s largest mixed use commercial location + Prominent position fronting one of the principal estate roads + Refurbished office accommodation totalling approx 27,978 sq ft + Total car parking of 112 spaces (1:249 sq ft) + Long leasehold interest with 99 years remaining at a fixed rent of £100 pa + Following refurbishment, the property has now been fully let in the last 10 months + Let to three tenants on five leases + AWULT to break of 4.7 years and 9.4 years to expiry + Strong covenant strengths of Worldpay Limited, Addison Motors Ltd and Datawright Computer Services Limited + Total passing rent of £257,050.50 pa + Low average passing rent of £9.30 psf + Quoting offers in excess of £2,626,000, which reflects a NIY of 9.25% and a low capital value of £94 psf NORTH TYNESIDE NEWCASTLE North Shields INTERNATIONAL Wallsend AIRPORT LOCATION South Shields NEWCASTLE UPON TYNE Gateshead is located in the North East of England. The town forms part of the Newcastle SOUTH Upon Tyne conurbation, located to the south of the River Tyne. The town is c. 95 miles TYNESIDE north of Leeds, 110 miles south east of Edinburgh and London is approximately 280 miles to the south. Gateshead has a resident population of circa 78,000 and c. 1,400,000 people live within A167 GATESHEAD Boldon 12 miles. By road, Gateshead benefits from excellent access to the A1 facilitating links with Southwick Leeds to the south and Edinburgh to the north.
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