Location
The unit is located within a busy and popular industrial area just east of Blaydon and off the Blaydon Highway. Access is excellent via the A695, which leads directly to the A1 Western Bypass, and the estate is home to Travis Perkins, Franklin Steel and LTH Cash & Carry.
Business Opportunity
The premises comprise a detached building of steel frame constructions with cladding and a pitched roof. Internally the unit has been reconfigured and fitted to accommodate a waste transfer station. All licences and paperwork is in place and is available to inspect. The property was reconfigured for the current use and comprises an open plan full height warehouse. With a new updated electricity supply and alarm and CCTV systems have been installed.
Access to the unit is via roller shutters at both the front and rear and vehicles can access the rear down the side of the building and then drive through the building back onto Factory Road. The rear of the site has been concreted allowing lorries to unload and with space for skips and waste to be stored.
Description
The property has been measured in accordance with the Code of Measuring Practice and reported on a Gross Internal Area basis as follows:
Ground Floor
Workshop 240 sq.m. (2,580 sq.ft.)
Toilet
Ground Lease
The land is held by way of a 99 year ground lease from Gateshead Council and dates from 17th July 1990.
Legal Costs
Each party will be responsible for their own legals costs. Any landlord’s legal costs will be shared equally.
Purchase
The property and ground lease is available to buy at an asking price of £250,000.
Business Rates
The premises are assessed as follows:
Description Rateable Value
Factory & Premises £13,250
EPC
Rating D.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
The current ground rent is £2,250 per annum and this is reviewed every 3rd anniversary. A copy of the ground lease is available for inspection.