Location
CAI enjoys a highly prominent location at the entrance to Royal Quays, a popular commercial location adjacent to the Outlet Centre. Retail occupiers include Marks & Spencers, Next and Costa Coffee with leisure operators Brewsters, Wet ‘n’ Wild and Gutterball Alley also on the estate.
Access is excellent via the A19 and whilst this is a busy commercial area, there are popular residential areas close by including Wallsend, North Shields and Whitley Bay with South Tyneside just through the Tyne Tunnel. Public transport is serviced by a regular bus service and Metro Stations at Percy Main and Meadow Well.
Description
The opportunity comprises the fourth floor of a 7 storey brick built office building with a distinctive curved roof of steel construction. The building has the benefit of a manned ground floor reception desk, gas fired central heating throughout, raised access floors, passenger lifts and male, female and disabled toilet facilities.
Access and car parking is available to both the front and rear of the property and there is generous parking (circa 1 space per 300 sq.ft.) for both occupiers and visitors.
Accommodation
The property has been measured in accordance with the Code of Measuring Practice and reported on a Gross Internal Area basis as follows:
Fourth Floor
Office Suite 1 circa 2,600 sq.ft. (242 sq.m.).
Office Suite 2 circa 8,000 sq.ft. (744 sq.m.).
Ladies Toilets
Gents Toilets
Disabled Toilets
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 a new lease for a term of years to be agreed at a rent equating to £8 per square foot. There will be a service charge applicable which covers the upkeep of the common parts, landscaping and car parking.
Legal Costs
The ingoing tenant will be responsible for the landlord’s reasonable legal costs in the preparation of the lease.
Business Rates
We are verbally informed that the premises are assessed as follows:
Description Rateable Value
Offices £25,250
Offices £64,575
EPC
Rating C.
