Commercial Property For Sale
Investments
Office Suite Investment
Newcastle upon Tyne
Offers Over £150,000 (Long-leasehold)
REF: NE2261
Location
The suite is located on the lower commercial level of St Peters Wharf overlooking the Marina. St Peters Wharf forms part of St. Peters Basin which is located off the A186 Walker Road, 3 miles from Newcastle City Centre and the development benefits from a direct bus service into town.
This 1980’s development offers a pleasant mix of residential accommodation together with offices, retail and leisure space all with attractive views across the River Tyne and Marina.
Description
Comprises a single storey office unit accessed off a covered lower walkway. The unit currently offers an open office space together with 2 partitioned offices and separate kitchen facilities. The unit is well appointed and was refurbished by the current tenant in 2021.
Accommodation
Ground Floor
Offices 149 sq.m. (1,600 sq.ft.).
Kitchen
Gents Toilets
Ladies Toilets
6 Car Parking Spaces
Occupational Lease
Occupied by IDOS Health and Wellbeing CIC (CRN 134366535) since 2021. The 5 year lease is dated 25th October 2026 and the rent for the term is £16,000 per annum with a tenant only break clause at the 3rd anniversary in October 2029.
Legal Costs
Each party will be responsible for their own costs. Any landlord’s legal costs would be split equally between the buyer and seller.
Services
We understand that mains electricity, water and drainage are connected to the property. There is an alarm system and energy efficient electric radiators are installed.
Business Rates
Rateable Value £17,000
Rates free from April 2027 subject to status.
Tenure
The property is held on a long leasehold interest for 125 years from 25th March 1993. A service charge is payable which is covered by a tenant.
EPC
Rating B.
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.
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