The property is located on City and Northern Limited’s popular Watermark development. The Watermark is located on the southern bank of the River Tyne just off Riverside Way and close to the Metro Centre.
The development is very well located, being approximately 1/4 mile from the nearest junction of the A(1) M, providing access to the regional and national road networks. The development also benefits from excellent public transport links being conveniently situated about 10 minutes walk from the Metro Centre public transport interchange which provides both rail and bus access.
Newcastle airport is positioned 5 miles to the north-west (15 minutes by car) of the development and provides flights to UK and a large number of European destinations.
The property comprises a ground-floor office suite in a two-storey office building built in 2007/2008. The property is of steel frame construction with brick and block curtain walling under an artificial slate roof.
Internally the property has raised access floors, carpet tile floor coverings, painted plaster walls, and a suspended ceiling with LG3/LG7 compliant light fittings. Heating is by way of a small-bore gas-fired wet radiator system. Externally the property has access to a lawned area to the rear and 5 car parking spaces are available subject to agreement.
The property is available for a term of 3 years on effectively full repairing and insuring terms. There will be no automatic right to renew.
There is a small service charge for the maintenance and cleaning of the common areas, as well as an estate charge for landscaping, etc. The level of the service charge will be confirmed upon request
Each Party will be responsible for their own legal costs.
VAT is chargeable on the rent and service charge.
We understand the property has planning permission for occupation as B1 Offices as defined in the Town & Country Planning (Use Classes) Order 1987 (as amended).
The Valuation Office Agency website (www.voa.gov.uk) list the total assessment as follows:
Description: Offices and premises
Rateable Value: £11,750
Further Information and Viewings
Viewings are strictly by appointment through this office.