Location
Mandale Park is a modern industrial estate which is located opposite Tyne Tunnel Industrial Estate. Access is via the A193 Tynemouth Road and the estate has excellent road links onto the A19.
Mandale Park is home to a broad range of tenants that include small manufacturers, fitness studios, hair and beauty salons and food suppliers. There is free parking on site which is on a first come, first served basis.
Business Opportunity
Comprises a self-contained two storey end terrace hybrid industrial unit. The ground floor space is fitted out by a specialist catering supplier for use as a production and prep facility. However, the current tenant is in the process of reducing their business commitments so that they can spend more time with family.
The kitchen area is to the rear of the ground floor and access to this via a roller shutter with space to accommodate a van. The first floor space is open plan with carpets, LED lighting and a tea point
The accommodation is laid out as follows;
Ground Floor
Kitchen / Loading circa 830 sq.ft. (77 sq.m.)
W.C.
First Floor
Office / Storage circa 720 sq.ft. (67 sq.m.)
Services
Electricity, water and sewerage services.
EPC
Rating - B.
Rates
Rateable Value £14,500
Rates incentives subject to status.
Tenure
The premises are held on a 10 year lease from 2022 at a passing rent of £16,000 plus VAT. There is a break clause and rent review at the 5th anniversary.
Legal Costs
The ingoing tenant will be responsible for the landlord’s legal costs in the assignment of the lease.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations, the Tenant will be required to provide two forms of identification and proof of the source of income.
