Multi Let Estate in Corbridge, Northumberland, NE45 5SB

Station Yard

Key Features

Features
Total size of 1494.98m² (16,092ft²)
Multi let estate with two modern office buildings and an industrial unit
Current combined passing income of £142,539 (exclu. -virtual)
Reflects a NIY yield of 8.93%
ERV on two void Units equates to £19,000
Good EPC rating
Asset Management potential to add value
Transport

Property Description

LOCATION 

The subject property is situated on the fringe of Corbridge village and adjacent to the train station. Corbridge is a village in Northumberland, England, 16 miles (26 km) west of Newcastle and 4 miles (6 km) east of Hexham. Villages nearby include Halton, Acomb, Aydon and Sandhoe.


DESCRIPTION 

Multi let estate with two office buildings and an industrial unit. The site comprises two detached, office buildings and a detached industrial building which is between the two offices. 


ACCOMMODATION 

We calculate the approximate net internal floor areas to be as follows: 

Ground Floor 235.23m² 2,532ft² 

First Floor 262.91m² 2,830ft² T

he Arches 277.03m² 2,982ft² 

Industrial Building 719.81m² 7,748ft² 

Total 1494.98m² 16,092ft²


EPC RATING 

The Arches B47 

The Corbridge Business Centre B45


TERMS 

The estate is available in whole with ‘offers in excess of £1,500,000 (One Million and Five Hundred Thousand Pounds) for the benefit of the freehold interest’. A sale at this level would equate to a net initial yield of 8.93% against passing rent, excluding the virtual income and allowing for purchasers costs at 6.5%  


VAT 

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.


LEGAL COSTS 

Each party is to bear their own legal costs involved in the transaction.  


ANTI-MONEY LAUNDERING REGULATIONS 

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.


VIEWING 

For general enquiries and viewing arrangements please contact Bradley Hall.  

Tel: 0191 232 8080 

Email: harry.towers@bradleyhall.co.uk


Arrange a viewing


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