Green Lane, Gateshead, Tyne and Wear, NE10 0QW
- SIZE
1,000 sq ft
93 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Rare mixed-use investment opportunity.
- Five industrial/commercial units.
- Five residential apartments.
- Income-producing storage containers.
- On-site parking for commercial occupiers and residents.
- Diverse tenant mix reducing investment risk.
- Established rental income.
- Significant potential to increase rents to market levels.
- Vacant two-bedroom apartment offering immediate letting potential.
- Asset management opportunities to further enhance returns.
Description
# Portfolio Investment Opportunity | Apartments 1-5, Green Lane, Gateshead, Tyne and Wear, NE10 0QW
Substantial Mixed-Use Investment Portfolio | 5 Industrial Units | 5 Residential Apartments | Storage Containers | Established Income with Strong Asset Management Potential
An exceptional opportunity to acquire a substantial mixed-use investment portfolio occupying a prominent position on Green Lane, Gateshead.
The portfolio comprises five industrial/commercial units, five self-contained residential apartments, income-producing storage containers and generous on-site parking for both occupiers and customers.
The property is currently producing a strong rental income from a diverse range of long-standing commercial and residential tenants, with clear scope to increase rental returns. Many of the existing rents have remained unchanged for a number of years and are considered to be below current market levels, presenting an attractive opportunity for investors seeking immediate asset management potential and future income growth.
Commercial Accommodation
The commercial element comprises five industrial/workshop units currently occupied by established local businesses including:
Current commercial income approx:
* Lees Tyres: £1,590 PCM (with utilities)
* MOT Centre: £1,900 PCM (with utilities)
* Double Engineering Company: £1,800 PCM (with utilities)
* Proposed rent from owner-occupied unit: £2,000 PCM
* Upper storage container with storage beneath: £600 PCM
Residential Accommodation
The residential element comprises five self-contained apartments offering an excellent mix of one, two and three-bedroom accommodation.
Current rental income:
* Flat 1 (2 Bedroom): £750 PCM
* Flat 2 (1 Bedroom): £550 PCM
* Flat 3 (1 Bedroom): £590 PCM
* Flat 4 (3 Bedroom): £800 PCM
* Flat 5 (2 Bedroom): Currently vacant with an estimated rental value of approximately £750 PCM.
This is an ideal acquisition for private investors, property companies or portfolio landlords seeking a substantial mixed-use investment with multiple income streams, excellent long-term prospects and genuine opportunities to increase overall rental performance.
Location
This portfolio is situated on Green Lane within the established Felling Industrial Estate in Felling. Situated a short distance from Gateshead Town Centre and approximately 4 miles from Newcastle Upon Tyne. The building benefits from great connectivity off the Felling Bypass, providing easy access to the A19 and the Tyne Tunnel.
Accommodation
The commercial element comprises five industrial/workshop units.
The residential element comprises five self-contained apartments offering a mix of one, two and three-bedroom accommodation.
Tenure
Freehold. Title number TY440254.
EPC
Apartment 4 is of EPC rating B, all other apartments are of EPC rating C.
All available upon request.
Council Tax
All apartments are Council Tax band A.
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on commercial. . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Green Lane, Gateshead, Tyne and Wear, NE10 0QW
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