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Offices

Team Valley £90,000 Long leasehold (fees apply) £10,400 per annum (fees apply) REF: NE1534

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 mid terraced office suite (which the client would let floor by floor) 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.).

Ladies W.C.

Gents W.C.

First Floor

Offices             circa 592 sq.ft. (55 sq.m.).

EPC

Rating C.

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; £100 per floor per week on a new 10 year FRI lease with a break clause and rent review at the 5th anniversary. Rent reviews to open market rent or RPI, whichever greater, every 3rd anniversary.

Purchase Terms; The whole property is available for £90,000 on a long leasehold basis.

There will be a small service charge which covers the upkeep of the business park communal areas.

Legal Costs

The ingoing tenant will be responsible for the landlord’s legal costs in the lease preparation.

Business Rates

The premises are assessed as follows:

Description                               Rateable Value

GF Office                                 £4,300

FF Office                                  £4,650

Rates incentives available subject to status.

 

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