1 /10
£1,000,000
Wesley Way Benton Square Industrial Estate, Newcastle Upon Tyne, NE12
- 0 beds
£1,000,000
- 0 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
£4,565 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£50,000
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Galaxy Real Estate HQ Presents a Prime Freehold Investment in Newcastle Upon Tyne:
- Rental Income: £90,000 PA
- Size: 16,226 SQ FT
- Located in a Prime Location in Benton Square Industrial Estate, Newcastle
Description:
This property compromises a single storey, steel framed, warehouse unit with a small two storey office and welfare block. The external walls are of cavity brickwork to a dado level above which profile steel cladding. The roof is double pitched and of corrugated asbestos cement sheeting incorporating recently renewed translucent roof lights. Internally the unit has concrete floors throughout and a internal clear height of 4.0 metres rising to 6.3m at the apex. There is a 2 storey block comprising reception office, kitchen area, WC and shower at ground level and two private offices at mezzanine level. Externally there is a tar macadam forecourt / car parking area with security fencing and an electrically operated steel sliding entrance gate. Vehicular access to the unit is by way of 2 steel roller shutter loading doors (5.0m wide x 4.6m high)
Location:
NE12 9TA benefits from excellent road connectivity, making it convenient for both local and regional travel. The A191 (Benton Road) runs nearby, providing a direct route into Newcastle city center and connecting the area to surrounding suburbs such as Heaton and Jesmond. The A19, located to the east, offers quick access to Sunderland, Teesside, and other destinations further south, as well as connections to the Tyne Tunnel for northbound journeys. For longer-distance travel, the A1(M) is easily reachable, serving as a major north-south route linking Newcastle to Edinburgh and London. Additionally, local roads, including Station Road and Whitley Road, provide smooth links to neighboring areas like Forest Hall, Longbenton, and Wallsend, ensuring accessibility for residents and commuters alike.
Accommodation:
Warehouse & Offices -16,226 Sq Ft
Tenure:
This site is available to purchase freehold. A Tenant is on an active lease. Current Rental Income is £90,000 per annum,
The leases have rent reviews which allow any purchaser the option to increase rents at the suitable rent review dates.
Vat:
We are advised that VAT is applicable on this property. Interested parties are advised to make their own enquiries accordingly.
Viewings:
Viewings are by appointment with sole agents, Galaxy Real Estate HQ.
Navneet Grover
[email protected]
07359 578778
Kevneet Grover
[email protected]
07947 636931
- Rental Income: £90,000 PA
- Size: 16,226 SQ FT
- Located in a Prime Location in Benton Square Industrial Estate, Newcastle
Description:
This property compromises a single storey, steel framed, warehouse unit with a small two storey office and welfare block. The external walls are of cavity brickwork to a dado level above which profile steel cladding. The roof is double pitched and of corrugated asbestos cement sheeting incorporating recently renewed translucent roof lights. Internally the unit has concrete floors throughout and a internal clear height of 4.0 metres rising to 6.3m at the apex. There is a 2 storey block comprising reception office, kitchen area, WC and shower at ground level and two private offices at mezzanine level. Externally there is a tar macadam forecourt / car parking area with security fencing and an electrically operated steel sliding entrance gate. Vehicular access to the unit is by way of 2 steel roller shutter loading doors (5.0m wide x 4.6m high)
Location:
NE12 9TA benefits from excellent road connectivity, making it convenient for both local and regional travel. The A191 (Benton Road) runs nearby, providing a direct route into Newcastle city center and connecting the area to surrounding suburbs such as Heaton and Jesmond. The A19, located to the east, offers quick access to Sunderland, Teesside, and other destinations further south, as well as connections to the Tyne Tunnel for northbound journeys. For longer-distance travel, the A1(M) is easily reachable, serving as a major north-south route linking Newcastle to Edinburgh and London. Additionally, local roads, including Station Road and Whitley Road, provide smooth links to neighboring areas like Forest Hall, Longbenton, and Wallsend, ensuring accessibility for residents and commuters alike.
Accommodation:
Warehouse & Offices -16,226 Sq Ft
Tenure:
This site is available to purchase freehold. A Tenant is on an active lease. Current Rental Income is £90,000 per annum,
The leases have rent reviews which allow any purchaser the option to increase rents at the suitable rent review dates.
Vat:
We are advised that VAT is applicable on this property. Interested parties are advised to make their own enquiries accordingly.
Viewings:
Viewings are by appointment with sole agents, Galaxy Real Estate HQ.
Navneet Grover
[email protected]
07359 578778
Kevneet Grover
[email protected]
07947 636931
Mortgage calculator
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£4,565 per month
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£41,250
Mortgage and legal costs:
£999
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