Commercial Property For Sale
Offices
Office Suite
Gateshead
£115,000 (Long-leasehold)
REF: NE2151
Location
This property is located on the Trans Britannia Properties Vance Business Park development which lies just off junction 68 of the A1 Western Bypass. Newcastle City centre is approximately 3 miles to the east and accessed via the A184 and over the Redheugh Bridge.
Newcastle airport is positioned 6 miles to the north-west (20 minutes by car) of the development and provides flights throughout UK and Europe plus a daily flight to and from Dubai.
Description
The property comprises a two storey end terraced office suite forming part of a pleasant and secluded business park to the west of Newcastle / Gateshead.
The space comprises a communal entrance and toilets with a self-contained ground floor office suite and then stairs up to the other first floor office accommodation.
Accommodation
The property has been measured in accordance with the Code of Measuring Practice;
Ground Floor
Offices circa 549 sq.ft. (51 sq.m.).
W.C.
First Floor
Offices circa 600 sq.ft. (55 sq.m.).
W.C.
EPC
Rating D.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
Terms
The property is available on either a new lease or to purchase;
Lease Terms; £12,000 per annum on a new FRI lease with terms to be agreed.
Purchase Terms; The property is available to buy for £115,000 on a long leasehold basis. The lease is for a term of 125 years from September 2020.
There is be an estate service charge which covers the upkeep of the communal areas.
Legal Costs
The ingoing tenant will be responsible for the landlord’s reasonable legal costs in the preparation of the lease.
Business Rates
The premises are assessed as follows:
Description Rateable Value
Offices £8,200
Rates free incentives available subject to status.
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