Benton Park View, Longbenton, Newcastle NE98 1ZZ_Pand te koop
Benton Park View, Longbenton, Newcastle NE98 1ZZ_Pand te koop
Benton Park View, Newcastle Upon Tyne, NE98 1ZZ, UK

Benton Park View, Longbenton, Newcastle NE98 1ZZ

Activa beschrijving

Fully Occupied Office Campus Extending to 56 Acres with Significant Redevelopment Potential

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Attributen

Netto gebouwoppervlakte
91.237 vierkante meter
Bezetting
100%
Bouwjaar
1999

Media

Investeringshoogtepunten

  • One of the most significant redevelopment sites in the regional markets
  • A 56 acre site capable of supporting multiple uses including residential, offices, urban logistics and life sciences
  • Let to Newcastle Estate Partnership Limited who have sublet to HMRC by way of a Private Finance Initiative
  • Excellent urban location less than 3 miles from Newcastle City Centre
  • Sub-tenant in full occupation with a break option in March 2027 and lease expiry in December 2027
  • Initial rent of £561,732 pa in December 2024 rising to £2,084,030 pa in April 2025 and to £2,972,906 pa in November 2027
  • Low passing rent of only £4.50 psf compared to prime business park rents of £16.50 psf
  • Long leasehold in excess of 200 years with no onerous clauses or any head rent payable
  • Total minimum cumulative rent receipt over term to break is £4,052,789
  • Total minimum cumulative rent receipt over term to lease expiry is £6,401,550
  • Fully let, high specification offices creating a dominant business park location
  • We are instructed to seek unconditional offers for our client's long leasehold interest

Contact makelaars

Benton Park View, Longbenton, Newcastle NE98 1ZZ (0 Eigendommen)
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Laatst bijgewerkt
May 16, 2024