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£395,000

D3 Bergen Close, Tyne Tunnel Trading Estate, North Shields, NE29 7TA

Land size
0.13 acres

Key Features

  • Located on the established Tyne Tunnel Trading Estate, close to the A19 and Tyne Tunnel
  • The unit extends to 5,807 sqft (593.48 sqm)
  • Occupied by Coolcheck Refrigeration Limited (Company No. 01949150)
  • Tenant has a very low risk rating with a Delphi score of 96
  • The tenant has been in occupation for 12 years
  • Low passing rent of £35,000 pa (£6psf)
  • 3.1 years to expiry
  • Held long leasehold expiring on 2143 (117 years remaining)
  • Seeking offers over £395,000, which shows a net initial yield of 8.51% after standard purchaser costs

Description

Location

The property is located and on the established Tyne Tunnel Trading Estate which is located in North Shields. The estate has excellent road links being located adjacent to the A19 Tyne Tunnel and the A1058 Coast Road.

The estate consists of a mix of logistics, warehouse and trade counter users. Silverlink Retail Park is within a 3-minute drive time, with major occupiers including, McDonalds, Boots and M&S.

Description

The property consists of a semi-detached industrial unit of steel framed construction under a pitched roof. The elevations are a made of rendered brickwork with cladding above. The roof has insulated corrugated asbestos cement decking over internal insulated panels.

The property has a single dock level loading door to the rear and an office entrance to the front. The unit is currently used for storage with a small office and mezzanine. The tenant currently occupies the next-door unit from which they have knocked a doorway through for access between the units. The property also benefits from external parking and loading area.

Tenure Comments

The property is held by way of long leasehold for a term expiring 2143 (117 years unexpired). There is a ground rent of £1,000 per annum which is paid by the tenant. This covers the estate charge and insurance.

Property details

Tenure
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Council Tax Band
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Date Posted
2026-04-02

Utilities & Restrictions

Utilities

Electricity
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Water
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Heating
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Broadband
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Sewerage
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Rights & Restrictions

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Private Rights of Way
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Listed Property
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Restrictions
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Property Features

Accessibility
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Parking
Parking Available
Garden
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Map Location

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Contact Naylors, Newcastle Upon Tyne

One Strawberry Lane Newcastle Upon Tyne NE1 4BX

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