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£500,000
Light industrial for sale
Tyne Mills Industrial Estate, Hexham, Northumberland NE46Local area information
Property location
Nearby amenities
- Hexham 0 miles
- Hexham Middle School 0.4 miles
- The Sele First School 0.4 miles
- Corbridge 3.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Hexham to find out more about the local area.
Features and description
Light industrial Investment For Sale
Popular location just outside of Hexham town centre
Passing Rent £38,036 per annum
Good Prospects for rental growth
Price £500,000
Location
Hexham is a thriving market town, lying adjacent to the A69 Trans-Pennine route, which provides access to the A1 trunk road some 20 miles to the east. Carlisle lies around 38 miles to the west and Newcastle upon Tyne City centre around 23 miles to the east.
The town also lies on the main railway line between Newcastle upon Tyne and Carlisle and is an important retail, commercial and tourist centre.
Tyne Mills Industrial Estate is strategically located in Hexham, immediately adjacent to key transport hubs like the railway station and near major public and commercial services. Its central position makes it ideal for businesses, local Government operations and logistics, all while being well-supported by nearby amenities.
Description
The property comprises five small light industrial units arranged in two blocks and of brick construction, partly under fibrous cement pitched roofs. The rear of part has a mineral felt roof which was renewed in 2025. The properties are occupied and used for a mix of engineering, storage and vehicle repair purposes. There is a shared yard to the front of the property.
Accommodation
The following net internal areas have been taken from the voa assessment and are subject to on site verification.
Unit 1
78.04 sq m (840 sq ft)
Unit 2
75.25 sq m (810 sq ft)
Unit 3
144.93 sq m (1,560 sq ft)
Unit 4
146.32 sq m (1,575 sq ft)
Unit 5
146.32 sq m (1,575 sq ft)
Total
590.86 sq m (6,360 sq ft)
Tenancies
Current Rent
Unit 1
£5,040 per annum
Unit 2
£4,738 per annum
Unit 3
£9,360 per annum
Unit 4
£9,450 per annum
Unit 5
£9,450 per annum
Passing rents are based on a rate of around £6 per sq ft per annum. We believe there is scope to increase the passing rents in accordance with the provision of the lease terms.
Tenants are responsible for internal repair. The landlord is responsible for external repair and insurance. In addition to the rent, each tenant also pays a fixed amount equivalent to 10% of the annual rent as a contribution towards any costs the landlord incurs in carrying out repairs to the property and obtaining building insurance.
Business Rates
The property is entered into the rating list as follows:
Unit 1
Description:
Workshop & premises Rateable value£5,800
Unit 2
Description:
Workshop & premisesRateable value£5,600
Unit 3
Description:
Workshop & premisesRateable value£9,000
Unit 4
Description:
Vehicle repair, workshop & premisesRateable value£10,500
Unit 5
Description:
Store & premisesRateable value£10,250
Price
£500.000.
Sale at the asking price equates to a gross initial yield of 7.61%.
Based on a projected rent of £7.50 per sq ft per annum, a sale at the asking price would equate to a reversionary yield of around 9.5% gross.
The property is registered for VAT. It is envisaged the sale would be dealt with by way of a Transfer of a Going Concern.
Viewing
Strictly by appointment by sole agents YoungsRPS.
Contact Paul Fairlamb or Chris Pattison Tel:
Legal Costs
Each party is to bear their own legal costs.
Local Authority
Northumberland County Council, County Hall, Morpeth, NE61 2EF. Tel: All figures quoted above are exclusive of VAT where chargeable.
Energy performance certificate
The properties have the following EPC ratings:
Unit 1
E-119
Unit 2
C-74
Unit 3
E-103
Unit 4
D-93
Unit 5
C-74
Copies of the Energy Performance Certificates and Recommendation Reports are available on request.
Popular location just outside of Hexham town centre
Passing Rent £38,036 per annum
Good Prospects for rental growth
Price £500,000
Location
Hexham is a thriving market town, lying adjacent to the A69 Trans-Pennine route, which provides access to the A1 trunk road some 20 miles to the east. Carlisle lies around 38 miles to the west and Newcastle upon Tyne City centre around 23 miles to the east.
The town also lies on the main railway line between Newcastle upon Tyne and Carlisle and is an important retail, commercial and tourist centre.
Tyne Mills Industrial Estate is strategically located in Hexham, immediately adjacent to key transport hubs like the railway station and near major public and commercial services. Its central position makes it ideal for businesses, local Government operations and logistics, all while being well-supported by nearby amenities.
Description
The property comprises five small light industrial units arranged in two blocks and of brick construction, partly under fibrous cement pitched roofs. The rear of part has a mineral felt roof which was renewed in 2025. The properties are occupied and used for a mix of engineering, storage and vehicle repair purposes. There is a shared yard to the front of the property.
Accommodation
The following net internal areas have been taken from the voa assessment and are subject to on site verification.
Unit 1
78.04 sq m (840 sq ft)
Unit 2
75.25 sq m (810 sq ft)
Unit 3
144.93 sq m (1,560 sq ft)
Unit 4
146.32 sq m (1,575 sq ft)
Unit 5
146.32 sq m (1,575 sq ft)
Total
590.86 sq m (6,360 sq ft)
Tenancies
Current Rent
Unit 1
£5,040 per annum
Unit 2
£4,738 per annum
Unit 3
£9,360 per annum
Unit 4
£9,450 per annum
Unit 5
£9,450 per annum
Passing rents are based on a rate of around £6 per sq ft per annum. We believe there is scope to increase the passing rents in accordance with the provision of the lease terms.
Tenants are responsible for internal repair. The landlord is responsible for external repair and insurance. In addition to the rent, each tenant also pays a fixed amount equivalent to 10% of the annual rent as a contribution towards any costs the landlord incurs in carrying out repairs to the property and obtaining building insurance.
Business Rates
The property is entered into the rating list as follows:
Unit 1
Description:
Workshop & premises Rateable value£5,800
Unit 2
Description:
Workshop & premisesRateable value£5,600
Unit 3
Description:
Workshop & premisesRateable value£9,000
Unit 4
Description:
Vehicle repair, workshop & premisesRateable value£10,500
Unit 5
Description:
Store & premisesRateable value£10,250
Price
£500.000.
Sale at the asking price equates to a gross initial yield of 7.61%.
Based on a projected rent of £7.50 per sq ft per annum, a sale at the asking price would equate to a reversionary yield of around 9.5% gross.
The property is registered for VAT. It is envisaged the sale would be dealt with by way of a Transfer of a Going Concern.
Viewing
Strictly by appointment by sole agents YoungsRPS.
Contact Paul Fairlamb or Chris Pattison Tel:
Legal Costs
Each party is to bear their own legal costs.
Local Authority
Northumberland County Council, County Hall, Morpeth, NE61 2EF. Tel: All figures quoted above are exclusive of VAT where chargeable.
Energy performance certificate
The properties have the following EPC ratings:
Unit 1
E-119
Unit 2
C-74
Unit 3
E-103
Unit 4
D-93
Unit 5
C-74
Copies of the Energy Performance Certificates and Recommendation Reports are available on request.
More information
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