Units 1-9 Stargate T NE40 3DG O L - Allsop

TenureFreehold.LocationRyton is a suburb located some 6 miles west of both Gateshead town andNewcastle-upon-Tyne city centre. The town comprises a mixture ofindustrial and residential property and is conveniently accessed via theA695 trunk road which provides rapid access to the A1 (east) and the A68(west).Stargate Industrial Estate is located west of Stargate Lane which in turnlinks directly with the A695 trunk road a short distance to the south.Occupiers close by include MKW Engineering Ltd, Debmat and JewsonBuilders’ Merchants.DescriptionThe site extends over some 3.26 acres (1.31 hectares) upon which thereare multiple industrial units comprising a total of some 5,338.85 sq m(57,469 sq ft). Units 1-5 comprise an open plan factory unit with two storeyoffice accommodation to the front.

Units 6-9 comprise four individual units of varying sizes which each benefitfrom roller shutter doors and office accommodation. All units benefit from acentral shared service yard and a separate designated car park area forsome 35 vehicles. Unit 10 has been sold and does not form part of theproperty to be sold.VATVAT is applicable to this lot.PlanningThe site may lend itself to alternative uses subject to obtaining all thenecessary consents. All enquiries should be made to the local authority.Local Planning Authority: Gateshead Council.Website Address: www.gateshead.gov.ukTel: 0191 433 3416.DocumentsThe legal pack will be available from the website www.allsop.co.ukEnergy Performance CertificateFor EPC Rating please see website.

180Prospective buyers are strongly advised to read the Auctioneers’ Notices Part One and Part Two and all applicable conditions of sale and addendaSeller’s Solicitor Rachel Beard, Shoosmiths. Tel: 03700 865085 e-mail: [email protected]

LOT 12

1 RytonUnits 1-9 StargateIndustrial EstateTyne & WearNE40 3DG

• Freehold Multi-Let IndustrialInvestment

• Comprises 3.26 acre (1.31 hectare)site

• Industrial units totalling5,338.85 sq m (57,469 sq ft)

• Opportunities for asset managementor redevelopment

• Reversions from 2016

• Total Current Rents Reserved

£185,500 pa

SIX WEEK COMPLETIONAVAILABLE

NB. The plan is for identification only. © Crown Copyright, ES 100004106

NB. The plan is for identification only. © Crown Copyright, ES 100004106

A1

No. Present Lessee Accommodation (GIA) Lease Terms Current Rent £ p.a.

Next Review/Reversion

Units 1-5

Dowding & Mills (UK) Ltd (1) Ground Floor 2,280.50 sq m (24,548 sq ft)First Floor Offices 392.90 sq m (4,229 sq ft)Total 2,673.40 sq m (28,777 sq ft)NB. Not inspected by Allsop.

A term of years expiring 28.02.2016Effectively FR & I subject to a Schedule of Condition(6)

£107,000 p.a. Reversion 2016

Unit 6 Ormston Fabrication Ltd (2) Ground Floor 878.00 sq m (9,451 sq ft)First Floor Offices 34.25 sq m (369 sq ft)Total 912.25 sq m (9,820 sq ft)

3 years from 18.01.2013Effectively FR & I

£9,000 p.a. Reversion 2016

Unit 7 Peel Ports Operations Ltd (3)(sublet to Aliweld Ltd)

Ground Floor 864.25 sq m (9,303 sq ft)First Floor Offices 35.10 sq m (378 sq ft)Total 899.35 sq m (9,681 sq ft)

25 years from 01.01.1993Effectively FR & I


Unit 8 SRL Traffic Systems Ltd (4) Ground Floor 350.25 sq m (3,770 sq ft)First Floor Offices 54.70 sq m (589 sq ft)Total 404.95 sq m (4,359 sq ft)

5 years from 12.09.2011Effectively FR & I subject to a Schedule of Condition


Unit 9 Aliweld Ltd (5) Ground Floor 432.00 sq m (4,650 sq ft)First Floor Offices 16.90 sq m (182 sq ft)Total 448.90 sq m (4,832 sq ft)

10 years from 09.08.2006Rent review every 5th yearEffectively FR & I


Total £185,500 p.a.NB. A number of tenants have expressed interest in purchasing their individual units. Please refer to the Auctioneer for further information.(1) For the financial year ended 31st December 2014, Dowding & Mills Ltd reported a turnover of £86.91m, a pre-tax profit of £8.671m,

shareholders’ funds of £54.026m and a net worth of £53.531m. (Source: riskdisk.com 01.06.2015.)(2) For the financial year ended 30th September 2014, Ormston Fabrication Ltd reported a turnover of £595,819, a pre-tax profit of £58,574,

shareholders’ funds of £29,493 and a net worth of £29,493. (Source: riskdisk.com 01.06.2015.)(3) For the financial year ended 31st March 2014, Peel Ports Operations Ltd did not report a turnover. They did report a pre-tax profit of £15m, shareholders’ funds of £6.4m and a net worth of £6.4m.

(Source: riskdisk.com 01.06.2015.)(4) For the financial year ended 30th April 2014, SRL Traffic Systems Ltd did not report a turnover or pre-tax profit. They did report shareholders’ funds of £4.413m and a net worth of £4.413m. (Source: riskdisk.com 01.06.2015.)(5) For the financial year ended 31st October 2014, Aliweld Ltd did not report a turnover or pre-tax profit. They did report shareholders’ funds and a net worth of £145,824. (Source: riskdisk.com 01.06.2015.)(6) A schedule of dilapidations has been served on the tenants by the Vendor, a copy of which is available in the legal pack.

Sold Off

The Property

Units 1-5

Units 10 & 9NB. Unit 10 Sold Off

Total 5,338.85 sq m (57,469 sq ft)

181

LOT 12

1

From left to right -Units 8, 7, 6 and 1-5

Units 1-5