Lot
015
Auction: December 2023 Online Auction 06/12/2023 - Bidding opens Tuesday 5th December 10:00 AM

Land & Buildings On The South West Side Of Jarrow Road, South Shields, Tyne And Wear, NE34 9PH

Property Details
Location
Auction Details
Description
Freehold site in an industrial estate, approximately 18.1 Acres (7.32 Ha), offered subject to 9 ground leases all at peppercorn rents. Two of the leases are for electricity substations expiring in 2065 and 2068 respectively. The remaining ground leases are let on terms of 125 years with various expiration dates between 2126 and 2133. The site being sold contains a number of large industrial warehouses albeit they are effectively sold by way of the leasehold agreements.
Location
Simonside Industrial Estate is located approximately 3 miles south east of Jarrow in the South Shields area in the north east of England. Newcastle Upon Tyne lies approximately 10 miles to the west and Sunderland 7 miles to the south east.
Approx Site Area
Approx Area 7.32 ha (18.10 Acres)
Tenure
Freehold
Tenancy

TitleDescriptionLease DateTerm
TY393210Site No. EP 3813/1 Simonside Industrial Estate
2nd September 2002125 years from and including 3.12.2001


TY441646Electricity substation site EP3813/2
20th December 200560 years 


TY460763Phase 1 Simonside Industrial Estate
19th June 2007125 years from 19.06.2007


TY467347Electrical substation site
16th January 200860 years from 16.01.2008


TY470215Unit C, Waldridge Way
11th March 2008From and including 11.03.2008 until and including 10.03.2133


TY472317Site 11b Simonside Industrial Park26th June 2008

125 Years from 26.06.2008




TY472315Site 11a Simonside Industrial Park
26th June 2008125 years from 26.06.2008


TY472318Land at Simonside East Industrial Estate
26th June 2008125 years from and including 26.6.2008 and to and including 25.6.2137


TY473006Site BT3813/3 Simonside East Industrial Estate
8th July 2008
125 years from 18.7.2007


Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 5TH DECEMBER AND CLOSES ON WEDNESDAY 6TH DECEMBER.

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