Summary - Units F19/F20, Units F19/F20, The Avenues, Team Valley Trading Estate, Gateshead NE11 0NJ
1 bed 1 bath Commercial Property
Income-producing warehouse with short-term lease and clear reversion potential.
Let to Tyne Tees Ceramics Ltd on 10-year lease from Sep 2017 (expires Sep 2027).
Approximately 1,214.15 sqm (12,100 sq ft) with 5.60m haunch and 7.10m apex heights.
Passing rent £60,000 pa (c. £4.96 psf); Guide Price implies c. £66.12 psf.
Estimated gross initial yield 8.42% on Guide Price.
Leasehold interest; head lease includes Unit F19 sold on an underlease.
Front yard, office area and loading/roller doors; suitable for logistics use.
Located in a very deprived, high-crime outer-city industrial area.
Requires buyers to review legal pack for underlease and title details.
This is a substantial industrial investment offering clear income and scale. The property extends to approximately 1,214.15 sqm (12,100 sq ft) with generous internal heights (5.60m haunch, 7.10m apex), a front yard and office accommodation — features that suit logistics, light manufacturing or continued warehouse use. It is let to Tyne Tees Ceramics Ltd on a 10-year lease from September 2017, providing a secure short-term income stream until September 2027.
The current rent is £60,000 per annum (reflecting £4.96 psf), and the guide price implies a capital value of about £66.12 psf and an estimated gross initial yield of 8.42% on the guide price. These figures indicate scope for rental growth when the lease expires, but also reflect the current low passing rent relative to potential market levels.
Buyers should note material points in the legal pack: the head lease being offered includes Unit F19, which has been sold off on an underlease — purchasers must review the underlease and title details. The property is leasehold and sits within a very deprived, high-crime outer-city industrial area (Team Valley Trading Estate), which can affect occupational demand, insurance and security costs.
This asset will suit investors seeking an income-producing industrial unit with short-medium term reversion potential and clear scale advantages. Practical considerations — leasehold status, the underlease on F19, local deprivation and crime levels — are significant and should be assessed alongside the legal and technical due diligence.
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