Summary - Cobalt 13A, Silver Fox Way, Cobalt Business Park, Newcastle Upon Tyne, NE27 0QJ NE27 0QJ
1 bed 1 bath Office
**Standout Features:**
- Impressive **30,165 sq ft** office space over **three storeys**
- Located in **Cobalt**, the largest office park in the UK
- **125-year long leasehold** at a peppercorn rent
- **Excellent car parking** ratio of 1:239 sq ft
- Air-conditioned with **3m floor-to-ceiling heights** and a double-height feature reception
- Strong tenant portfolio with **annual rental income** of £411,771 (low rent of £16.35 psf)
- Potential for **increased rental income** from the vacant space
- Well-connected location, just **10 minutes northeast of Newcastle**
- Nearby amenities include **Tesco, Greggs**, and a variety of retail options
**Summary:**
Presenting an outstanding opportunity, Cobalt 13a is a modern office building offering **30,165 sq ft** spread across three levels. Quickly accessible from Newcastle, this prime location boasts excellent transport links and a plethora of amenities, including shops, cafés, and leisure facilities. Currently, the property is **multi-let** to reputable companies such as Det Norske Veritas and Microvention, ensuring a solid income base with low business failure risks.
With a **net initial yield of 16.3%** and the potential to increase to **19.56%** upon renting out the vacant space, this property is ideal for investors seeking high return opportunities. The attractive **glass façade** and high ceiling design create a distinguished workplace atmosphere, while a **BREEAM rating of 'Very Good'** enhances its eco-friendly credentials.
Although the local area faces some challenges, the established surrounding businesses contribute to a vibrant work environment. With strong tenant demand and future flexibility for renovations or extensions, Cobalt 13a is a lucrative investment opportunity that won’t last long in today’s market. Act quickly to secure this modern commercial space that balances utility with potential growth!
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