£40,000 per annum
Commercial Property, Offices
The property is situated in a prominent position on the A184 Park Road which links directly with the A167 and Newcastle City Centre via the Tyne Bridge to the West and the A1 and A19 to the east. Local occupiers are made up of a number of car showrooms, a petrol filling station and a McDonalds Drive Thru. Gateshead International Stadium is also situated a short distance away, together with the St James' village residential scheme.
The property comprises a 3 storey detached office building of concrete frame construction with cavity brick elevations beneath a flat, mineral felt covered roof. The ground and first floors provide a mix of office accommodation with some retail and include carpet covered floors with painted plaster walls and a suspended ceiling with lighting provided by recessed fluorescent strip lights. Male and female WC's are also located on the ground floor. The second floor is accessed by a concrete staircase.
The property has been measured in accordance with the RICS Code of Measuring Practice and has the following Gross Internal Areas (GIA):
Ground Floor 2,543 sq.ft. (236.3 sq.m)
First Floor 3,161 sq.ft. (293.7 sq.m)
Second Floor 2,978 sq.ft. (267.6 sq.m)
The property is available by way of a new effective fully repairing and insuring lease for a term of years to be agreed.
The asking rent is £40,000 per annum.
Our client would also consider the sale of the Freehold with offers invited.
The ingoing tenant will be responsible for the landlords reasonable legal costs in the preparation of the lease.
We understand the premises have planning permission for use as B1 Office Use under the Town & Country Planning (Use Classes) order 1987 (as amended).
Following enquiries with the Local Rating Authority we are advised that the property is entered into the Valuation List as follows:
Description: Offices & Premises
Rateable Value: £10,750
Strictly by appointment with this office.
Property reference: cp29rtl8xq
The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by North East Commercial Property Ltd. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.