Location
Team Valley Trading Estate is the North East’s premier commercial location covering 285Ha (704 acres) providing in excess of 650,000 sq.m. of office, retail and industrial space.
The estate lies to the south of Newcastle and adjacent to the A1 Western Bypass which provides excellent access both the north and south.
Description
The opportunity comprises a detached modern office unit forming part of a pleasant courtyard space.
The unit can be occupied by one or two tenants and has a shared lobby an each office space is in good order with suspended ceilings, carpeting, double glazing and central heating fitted.
Accommodation
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 - modular office layout
Offices circa 3,000 sq.ft. (279 sq.m.).
Kitchen
Ladies W.C.
Gents W.C.
Disabled W.C.
First Floor - predominantly open plan space
Offices circa 3,000 sq.ft. (279 sq.m.).
Kitchen
Ladies W.C.
Gents W.C.
Disabled W.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 a new FRI lease for a term of years to be agreed at a rent equating to £11 per square foot. There will be a service charge applicable which covers the upkeep of the common parts, gardens 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 £51,500
EPC
Rating D.
VIEWING STRICTLY BY APPOINTMENT
