Kingsway Tower is a new trade showroom and warehousing location situated on principal thoroughfare (Kingsway), on the well established Team Valley Trading Estate. Team Valley Trading Estate is the regions foremost mixed use business estate offering circa 700 acres in total. This location has the benefit of a J Sainsbury supermarket and Retail World a major retail park, in addition to a Hotel and general commercial industrial and office space providing employment for around 15,000 people. This location benefits from a high level of passing traffic and excellent communication links to the A1 which lies only several minutes drive away. All local amenities and services are situated a short distance away in Gateshead Town Centre.
Kingsway Tower is a refurbished trade development anchored by Magnet. The remaining space is single storey steel framed accommodation and is available as a whole or by way of further subdivision from around 5,000 sq ft. The development offers benefits large circulation/car parking area. The premises are proposed to be refurbished as per the attached plans and elevations. However amendments and specific alterations could be undertaken subject to request.
From architects plans the proposed size of units will be as follows (subject to final measurement):
Unit 1 : 566.92 m² (6,103 sq ft)
Unit 2 : 544.87 m² (5,865 sq ft)
Unit 3 : 1,684.96 m² (18,137 sq ft)
It is understood that all mains services are available to the site.
It is understood from the Local Rating Authority that the premises will need to be reassessed upon occupation.
The premises are available by way of a new Full Repairing and Insuring Lease for a term of years to be agreed. Incentives are available, subject to covenant strength and lease term.
Our client is seeking a rental of between £5.50 per sq ft and £7.50 per sq ft dependent on the size and specification taken.