Introduction
Located within a 15 minute walk of Newcastle City centre, Buxton House is an imposing building currently occupied by the award winning integrated marketing agency, Martin Tait Redheads.
The building would be suitable for a variety of uses including office, leisure or even redevelopment with large floor plates and excellent accessibility.
Location
The property is located at the busy junction of Buxton Street with Howard Street and Gibson Street, just north of the River Tyne and Quayside.
This part of Newcastle has undergone a significant amount of regeneration over the last decade and a range of new developments have gone up during this period.
New buildings include student accommodation, private housing schemes and housing associations and there are also some other larger projects planned, including the conversion of a nearby office building into a Dakota hotel.
This part of the City offers easy road access from the A167(M) and also into central Newcastle via City Road. Central Station is about a 5 minute cab ride away and Newcastle International Airport is about 25 minutes away.
Buxton House has the benefit of direct street access and allows clients to be picked up and dropped off at the door.
External Space
Car Park 1 Located off Buxton Street with capacity for up to 10 cars. Currently allocated to visitors.
Car Park 2 Located off Buxton Street with capacity for up to 16 cars if double parked. Currently allocated to staff.
Services
Gas fired central heating is installed throughout.
There is an old goods lift within the building which has been disabled. Some of the shaft space has been incorporated for storage but new owners could reinstall the lift facility.
EPC Rating
Rating E.
Rateable Value
RV £43,250.
Description
An imposing 4 storey detached building occupying a corner site at a busy junction. Originally a warehouse, the property was acquired by our client and then reconfigured for their own use.
There is a large basement with potential for conversion into additional car parking and the ground and first floors are used by the current owner as offices and meeting rooms.
The main entrance is directly off Buxton Street and there is also access into the building from the lower ground floor via the car park off Gibson Street.
On the top floor there is an open plan conference and exhibition space which is currently unutilised.
Accommodation
(reported floor areas reflect the current configuration)
Basement 2,850 sq.ft. (265 sq.m.) with access from the lower car park area on Gibson Street.
Ground Floor 2,320 sq.ft. (215 sq.m.) with access via a secure entrance lobby from Buxton Street.
First Floor 2,740 sq.ft. (255 sq.m.) with access via an internal stairwell.
Second Floor 3,282 sq.ft. (305 sq.m.) which is an open plan exhibition / break out / meeting area.
Asking Price
Offers in the region of £1,450,000 are sought for the freehold interest.
Letting Option
The whole premises including the car parking would be available on a new full repairing and insuring lease at an asking rent of £150,000 per annum. Terms to be agreed.
Viewings
Strictly be appointment with this office.
Money Laundering
In accordance with current Anti-Money Laundering Regulations, a Purchaser will be required to provide two forms of identification and proof of the source of income.
Agents Notes: The sales particulars contained herein are intended for the guidance of intended purchasers and lessees and do not form any part of an offer or contract. All descriptions and any details are given without any responsibility on the part of North East Commercial Property Limited (NECP) or their vendor client and any intended purchaser or tenant should satisfy themselves to the correctness of any statements contained in the Sales Particulars prior to making an offer by inspection or otherwise. Neither NECP nor their employees make or give any warranty whatsoever in relation to the business or property described herein.