Commercial Property To Let
Industrial
Warehouse / Workshop
Lemington
£18,500 To Let (Leasehold)
REF: NE2221
Location
This premises form part of the Mandale Park site in Lemington, which is located on the western outskirts of Newcastle upon Tyne.
Mandale Park is a relatively new development which was originally the site of the old glass works. One of the “cones” still remains and is a focal point of the development, now occupied by a children’s nursery. There are good local amenities with an ASDA and a LIDL supermarket within walking distance.
Road access is excellent and the site is within a 5 minute drive of the A1 Western Bypass.
Description
The subject unit comprises one large open plan space which would be suitable for a variety of uses.
The space can be accessed via 2x roller shutters doors and there are also 2x personnel doors. There is a secure self-contained yard in front of the roller shutter doors which is accessed via a service road.
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
Workshop circa 2,775 sq.ft. (258 sq.m.)
Kitchen
Ladies & Gents Toilets
External
Designated Parking.
EPC
Rating tbc.
Services
Water and electricity is installed.
Business Rates
The premises are listed on the VOA as;
Rateable Value £26,750
Terms
The unit is available by way of the assignment of a full repairing and insuring lease dated 19th Nov 2024 and expiring 31st Dec 2033.
The current rent is £18,500 per annum plus VAT payable monthly in advance.
The rent will increase to £27,000 per annum plus VAT from 1st Jan 2027 with further rent reviews via RPI on 1st Jan 2028 and 2031. There are also break clauses on the same dates.
Legal Costs
The ingoing tenant will be responsible for a share of the landlord’s legal costs in the assignment of the existing lease.
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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