Langtree Portfolio

Portfolio of 4 estates situated across four locations in the North East.

  • Advance Northumberland acquired the portfolio in December 2013.
  • These estates are located in Ashington, Cramlington, Hebburn and Washington.
  • The portfolio consists of four network centres which offers a total of circa. 100,000 sq. ft. of industrial accommodation across 46 units.

A breakdown of units is as follows:

  • Wansbeck, Ashington – 8 units (18,000 sq. ft.)
  • Nelson Park, Cramlington – 7 units (18,275 sq. ft.)
  • Jarrow, Hebburn – 19 units (31,323 sq. ft.)
  • Glover, Washington – 12 units (30,222 sq. ft.)
  • The portfolio was 65% occupied on acquisition producing circa. £300,000. The portfolio is at present 89% occupied, producing a current rent of circa. £400,000 per annum.
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