The subject site is located on Low Yard, Scotswood Road, Newcastle upon Tyne, which is approximately 3.5 miles east of Newcastle City Centre and 4.5 miles south east of Gateshead. The property enjoys excellent communication links, being situated circa 400m from the A1(M), via the busy A6085 (Scotswood Road). The surrounding area is a mixture of trade / car sales & hire / warehousing. Exact location shown on the attached plan.
The subject site consists of a secure concrete yard with single point access, leading onto Scotswood Road. Formerly a concrete batching facility, which has now been fully decommissioned, it offers a cleared operational site. The yard provides a concrete surface throughout with drainage and wash bay interceptor to the rear. The boundaries consist of a former brick gable to the left-hand side (next to Webuycarsfor more), palisade fencing to the rear (backing onto the River Tyne) and the former stone railway embankment to the right-hand side. The entrance is secured via double full height swing gates, with access to the main road, which is shared with Screwfix and James Hargreaves Plumbing Depot.
From a computer-generated mapping system, we understand the area is as follows:
Secure fenced compound 0.25 Ha (0.61 acres)
(roadway highlighted blue on the title plan 0.01 ha (0.04 acres))
total site area 0.26 ha acres (0.65 acres) or thereabouts
It is understood the property benefits from all mains services with the exclusion of gas. (It is recommended that all interested parties contact the Local service providers to ensure that the services are operational).
It is understood the from the voa Website the property will need to be reassessed upon occupation, now the batching plant facility has been removed. Previous Local Authority Reference is 162190. (All interested parties contact the Local Authority to confirm these figures.)
The site could be suitable for a variety of uses, subject to planning permission.
Long leasehold. (ref: TY352385). A new 125-year lease will be granted, at a peppercorn rent. Please note the site will be sold with a restrictive covenant against any future use / operation as a concrete batching plant. Full details upon request.
Our client is seeking a premium of £265,000 (two hundred and sixty-five thousand pounds) exclusive.
VAT will be chargeable at the prevailing rate.
The ingoing tenant will be responsible for the landlords' reasonable legal costs in connection with any transaction.
By prior appointment with Frew Pain & Partners, contact:
James E F Pain